bob's credit card charges him 14% interest on his unpaid balance. his bank is offering him 5% interest on a savings account. the first thing bob should do with any extra money he may have is to:

Answers

Answer 1

The first thing Bob should do with any extra money he may have is to pay the credit card charges which have 14% interest on his unpaid balance.

Explain the credit card charges.

The credit card usually functions as a replacement for cash or a cheque and typically offers an unsecured revolving line of credit. Without taking into account fees paid to merchant service providers, credit card processing costs typically vary from 2.87% to 4.35% of each transaction. These expenses, which can build up and reduce your income as a small business owner, can be costly.

Moreover different operation of credit card fees exists and also provides strategies for reducing them. The amount of each transaction's credit card processing fee that a merchant may charge cannot exceed 4%. A surcharge on each transaction that covers the expense of the fee allows retailers to pass the cost on to the customer.

To learn more about credit cards, visit:

https://brainly.com/question/19106746

#SPJ1


Related Questions

if the government regulates the monopolist to produce the allocatively efficient quantity and provides a subsidy sufficient to maintain zero economic profits for the firm, what price would the government set and what level of output would the firm produce?

Answers

When the price equals the marginal cost, the production is at its most optimal level for allocation.

Efficiency, whether allocational or allocative, is the quality of a market where all products and services are efficiently divided among consumers in an economy.

It happens when parties can use the precise and easily accessible information represented in the market to decide how to employ their resources.

In a perfect market, a business is allocatively efficient when its price (P = MC) equals its marginal costs.

The level of production where marginal cost and marginal gain are as near to each other as feasible is known as allocation efficiency.

Learn more about to  allocation efficiency visit here;

https://brainly.com/question/29376944

#SPJ4

an open-end fund has a net asset value of $11.20 per share. it is sold with a front-end load of 5%. what is the offering price? (round your answer to 2 decimal places.)

Answers

The offering price includes a 5% front-end load, or sales commission so that every dollar spent results in just $0.95 going toward the purchase of shares. Therefore:

Offering Price = NAV/1-load = 11.20/1-0.05 = $11.79

What are sales commissions?

A type of variable-pay compensation for goods or services sold is commissions. Salespeople are frequently encouraged and rewarded with commissions. Additionally, commissions can be created to promote particular sales habits. For instance, commissions may be decreased while providing significant discounts. A sales associate or sales representative may pay a portion of a sale's value in sales commission. Your cost of items sold, credit card transaction fees, shipping expenses, and any sales commissions you may pay to sales employees are all variable costs. An employee who receives a commission receives a share of the proceeds from the transaction. For instance, if a worker sells a couch for $500 and gets a 10% commission on every sale, they will be paid $50 for that sale.

To learn more about sales commissions click on the given link:

https://brainly.com/question/957886

#SPJ4

a homeowner would like to operate a business in the home, but is in an area zoned for residential use only. what should the homeowner do?

Answers

The homeowner Seek a conditional use permit from the zoning board.

What is Conditional use permit?

A zoning exemption known as a conditional use permit enables you to utilize your property in ways that are not permitted. It can serve as an alternative to rezoning requests and enable you to utilize your property in a distinctive manner in cases when rezoning is not an option.

Make sure you satisfy the requirements in the county where you own property before submitting an application for a CUP. For instance, Los Angeles County mandates conformity with the neighborhood's master plan. Additionally, if available, they evaluate for suitability, adequate access, and public services.

To know more about Conditional use permit, visit:

https://brainly.com/question/29739197

#SPJ1

there are four considerations for channel alternatives that need to be determined: number of levels, intensity at each level, specific types of intermediaries, and the application of selection criteria to channel alternatives. which other questions about channel alternatives should be answered?

Answers

Channel alternatives should be answered to who will be in charge.

The intensity or flux of radiant energy is the energy transferred according to unit location, wherein the vicinity is measured at the aircraft perpendicular to the course of propagation of the energy.

within the SI machine, it has units' watts in line with square meters (W/m²) or kg⋅[tex]s^{-3}[/tex] in base units. depth is used most frequently with waves along with acoustic waves (sound) or electromagnetic waves along with mild or radio waves, in which case the common power transfer over one duration of the wave is used.  

intensity can be carried out to other instances in which electricity is transferred. as an instance, one could calculate the intensity of the kinetic strength carried with the aid of drops of water from a lawn sprinkler.

Intensity can be observed by taking the strength density (electricity according to unit volume) at a point in space and multiplying it by means of the velocity at which the strength is transferring. The resulting vector has the gadgets of electricity divided through vicinity (i.e., surface strength density).

To learn more about intensity visit here:

brainly.com/question/17583145

#SPJ4

the increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. the increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. true false

Answers

the increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. the statement is True.

In order to improve the quality of life for both the present and future generations, sustainable marketing entails creating and advertising goods and services that cater to the demands of both consumers and business users. This chapter's goal is to provide students with a greater understanding of what sustainable marketing is and how it varies from conventional marketing. Sustainable marketing is more than just making efforts to appear more socially and ecologically concerned and telling customers about it. It has more depth and significance. An rising number of customers base their purchases in some manner on the social and environmental effects of the goods and services they choose as well as the businesses they work with.

learn more about sustainable marketing here

https://brainly.com/question/9116837

#SPJ4

what percentage of their income should a self-employed person set aside for taxes?

Answers

As a self-employed person, you must set aside 15.3% of your income plus the amount determined by your tax bracket.

If you own your business, are an independent contractor, a single proprietor, a partner in a partnership, or a multi-member limited liability corporation (LLC) that is taxed as a partnership for federal tax reasons, you are considered self-employed for this purpose. Self-employed people typically pay higher tax rates.

15.3% of your net freelancing income will be deducted as self-employment taxes for the 2022 tax year. This is a Social Security tax rate of 12.4% and a Medicare tax rate of 2.9%. Not all of your self-employment income is subject to the self-employment tax, depending on how much you made.

Know more about the self-employed at: https://brainly.com/question/29360370

#SPJ4

the balanced scorecard measures a.only nonfinancial information b.only financial information c.both financial and nonfinancial information d.external and internal information

Answers

The balanced scorecard measures Option c. each monetary and nonfinancial information is the actual measurement for balanced score card.

The required details about balanced score card is mentioned in below paragraph.

A balanced scorecard is a approach overall performance control tool – a nicely structured document, that may be utilized by managers to maintain tune of the execution of sports with the aid of using the body of workers inside their manage and to screen the outcomes springing up from those actions.

The phrase 'balanced scorecard' mainly refers to a overall performance control document utilized by a control group, and generally this group is centered on handling the implementation of a approach or operational sports – in a 2020 survey 88% of respondents pronounced the use of Balanced Scorecard for approach implementation control, 63% for operational control. Balanced Scorecard is likewise utilized by people to tune non-public overall performance, however that is uncommon – most effective 17% of respondents within side the survey the use of Balanced Scorecard on this way, but it's miles clean from the equal survey that a bigger proportion (approximately 30%) use company Balanced Scorecard factors to tell non-public aim putting and incentive calculations.

To learn about balanced score card visit here.

https://brainly.com/question/19259487

#SPJ4

the argument for an independent central bank is based upon the idea that: a. independence makes it easier for the bank to coordinate its monetary policy with the government's fiscal policies b. all of these c. independence from the political cycle allows the bank to focus on long term price stability d. independence and unaccountability allows a central bank to accumulate wealth and power

Answers

Option b is the correct answer since all the option is related to the argument for an independent central bank.

Absent political intervention, central banks are independent. This independence may include a number of complimentary and cumulative elements, including institutional independence from the executive branch and/or the legislature, operational and functional independence, and personal independence, without which other types of independence are impossible. In reality, however, the majority of political economists and social scientists define a "independent central bank" as one that is "both operationally and functionally independent from government" and has an inflation aim. For a complete generation, economists and the general public supported and accepted such central bank independence; nevertheless, over the past two to three years, it has come under fire and received unfavorable reviews.

To learn more about central bank please click on the given link: https://brainly.com/question/28024310

#SPJ4

What is multinational companies and transnational companies?

Answers

The multinational and transnational companies are such companies that continue their business operations in more than one country.

A multinational company can be referred to or considered as a country that has extended its scope of business operations in at least two countries over a prolonged period of time.

The main office or headquarters of such companies is in the country of its origin, whereas, the other countries are for the purpose of branch operations. For example, Apple is a multinational company.

Therefore, the significance regarding multinational and transnational companies has been aforementioned.

Learn more about multinational companies here:

https://brainly.com/question/9970957

#SPJ4

nora's company is considering going into a foreign market. they have determined which markets to go into and the timing for going into them. what other basic entry decision do they need to make? multiple choice question. on what scale should they go in how to finance who to partner with where to establish headquarters

Answers

To partner with where to establish headquarters. As determined by Nora's company, which marketplaces to enter and the best time to do so the other fundamental. The correct option is A. Exporting can help sell excess inventory

In essence, there are six basic types of foreign entry that includes turn-key projects, exporting forming a joint venture, obtaining a licence, franchising with a company in the host nation or forming a subsidiary in the host nation. Every mode entrance into overseas markets have their advantages both benefits and drawbacks. Utilizing the fundamental entrance choice, which states.

The question "on what scale should they go in" enables the company to assess the input force level into the market.The star of the show is Nora Helmer. married to Torvald Helmer and the play who works at the bank and shares an apartment with her with their three children. Nora made the ideal wife and maintained she maintained her morals but was disappointed with how she was handled by Torvald, her spouse.

Complete question:

nora's company is considering going into a foreign market. they have determined which markets to go into and the timing for going into them. what other basic entry decision do they need to make? multiple choice question. on what scale should they go in how to finance who to partner with where to establish headquarters.

A. Exporting can help sell excess inventory

B. Marketing programs benefit from the cultural similarities in prospective markets

C. Financing can easily be obtained to expand internationally

D. Selling your products in other markets reduces their life cycle, making them more attractive

To know more about Nora company visit:

https://brainly.com/question/29483343

#SPJ4

under the uniform securities act, the administrator may a) waive only those requirements of the act that are nonbinding b) make rules, orders, and forms the administrator considers necessary to carry out the provisions of the act c) waive any requirement of the act he deems inappropriate d) relax the antifraud provisions for investment adviser representatives not residing in the state

Answers

The administrator of the uniform securities act may create any regulations, orders, or forms that they see necessary to implement the act's provisions.

What does the Uniform Securities Act aim to achieve?

In addition to the federal Securities and Exchange Act, the Uniform Securities Act (USA) offers fundamental investor protection against securities fraud. Only securities that are not governed by the Securities and Exchange Commission are covered under the act.

What kinds of transactions are governed by the 1933 Securities Act?

An act to prevent fraud in the sale of securities, to give complete and fair disclosure of the nature of securities sold in mail-order and international commerce, as well as for other objectives.

To learn more about Uniform Securities here:

https://brainly.com/question/17329529

#SPJ4

What act set the requirements for tamper evident packaging for some over the counter products to avoid risk of contamination?

Answers

The federal anti-tempering act set the requirements for tamper evident packaging for some over the counter products to avoid risk of contamination.

The federal anti-tempering act, offense to maliciously cause or attempt to cause injury or injury to any business reputation by adulterating a food, drug, cosmetic or other product.

The Food and Drug Administration has the authority under the federal food, drug and cosmetic act to establish a uniform national requirement for tamper-evident packaging of OTC drug products

That will improve the security of OTC drug packaging and help assure the safety and effectiveness of OTC drug products.

To know more about federal anti-tempering act here,

https://brainly.com/question/3540681

#SPJ4

Which resource management task establishes and maintains the readiness of resources and ensures providers are paid in a timely manner?
Possible Answers:
a. Mobilize
b. Order and Acquire
c. Reimburse and Restock
d, Track

Answers

The reimbursement and Restocking resource management task establishes and maintains the readiness of resources and ensures providers are paid in a timely manner.

The payment of expenses spent by resource providers for particular activity is included in reimbursement. Reimbursement procedures play a crucial role in developing and maintaining resource preparedness as well as the ability to pay suppliers on time. Invoice collection procedures, cost verification against the scope of the operation, equipment replacement or repair, and access to reimbursement schemes are all examples of processes. In agreements for mutual help and support, reimbursement policies are frequently spelled out. Restocking means refilling used-up supplies.

As long as the product is undamaged and within its expiration date, the front desk can reimburse and replenish the product supply when customers return items. When a consumer returns a product, businesses occasionally charge them a "restocking fee." Restocking fees are often levied to cover different costs connected with a product return, including shipping and repacking fees.

learn more about restocking here: https://brainly.com/question/14964795

#SPJ4

to pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute.

Answers

The tax rate is subject to an increase each year to sufficiently fund OASDI programs. FICAS requires employers and employees to contribute 7.65% each.

What exactly is tax?

A tax is a compulsory fee or financial charge imposed by a government on a person or an entity in order to raise money for public works projects that provide the greatest infrastructure and facilities. Afterward, several public expenditure projects are funded using the funds obtained.

How do taxes operate?

Tax rates according to income are set by the IRS. Your tax bracket and the amount of your income that is subject to tax go up as your income does. People with extremely low salaries or no income do not pay any federal income taxes. You do not, however, take your tax bracket and apply that proportion to your whole income.

To know more about Tax visit:

https://brainly.com/question/16423331

#SPJ4

Which institution assists individuals in buying and selling securities among investors?

Answers

Brokerage Firms assist individuals in buying and selling securities among investors.

What is a Brokerage Firm?

An intermediary who brings together sellers and purchasers to complete a transaction involving stock holdings, bonds, options, and some other financial instruments is known as a brokerage firm or brokerage company. Once the transaction is completed, commissions or fees are levied as payment to the broker.

When clients bought stock shares on margin, brokerage firms would get interested. They would also receive interest and borrowing fees for the equities they gave out for short sells. Some brokers might provide banking services like credit cards, loans, and interest-bearing savings accounts.

Learn more about the Brokerage Firm here:

https://brainly.com/question/12131550

#SPJ1

Can you Accenture client has implemented an enterprise platform and is looking for a tool that will help monitor?

Answers

Accenture client has implemented an enterprise platform and is looking for a tool that will help monitor the ongoing performance.

The enterprise another word for a for-profit business or company but it is most often associated with entrepreneurial ventures. The enterprise is a project or undertaking, especially a bold or complex one.

Accenture MyConcerto Platform Enterprise is the best technology which a client can use to monitor the ongoing performance of the platform.

The market value of firm is calculated as the sum of the market value of all outstanding securities which consists of common shares, preferred shares and debt.

To know more about enterprise here,

https://brainly.com/question/18551533

#SPJ4

which of the following is a challenge of marketing through online social networks? results are hard to measure. users seldom have control over the online social networks. most existing networks are already controlled by major corporations and therefore do not favor competitors. it is difficult to get the approval of the online advisory board to post an ad in a social network. marketing via online social networks is expensive and time-consuming.

Answers

The  example of challenge of marketing through online social networks is most existing networks are already controlled by major corporations and therefore do not favor competitors.

What is  marketing?

Marketingcan be described as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, as well as the society at large.

It should be noted that the Social media marketing which can be described as the digital marketing and e-marketing is the process of using of social media which can be described as the platforms on which users build social networks and share information and this can help[ the company's brand to be established and increase sales, and drive website traffic.

Therefore, option C is correct.

Learn more about marketing at:

https://brainly.com/question/25369230

#SPJ1

Whose duty is it to ensure that policies are created to guide employees of an alcohol establishment?

Answers

The holders of ABC licenses make sure that policies are developed for staff members of alcoholic beverage establishments.

Policy is a deliberate set of guidelines designed to guide decisions and yield rational outcomes. An intention declaration that is put into action by a procedure or routine is called a policy. Usually, policies are adopted by a governance body within a corporation. Policy-making has advantages for both rational and irrational decision-making.

Policies employed in subjective decision-making usually assist senior management with decisions that must be made on the relative merits of a range of aspects and are therefore generally challenging to evaluate objectively. The work-life balance policy is an illustration of how such a rule might be applied. Laws, rules, guidelines, administrative processes, financial inducements, and voluntary activities are all examples of policies that are used by governments and other institutions. Resource allocation patterns frequently reflect political decisions.

Learn more about policies here

https://brainly.com/question/28024313

#SPJ4

a third-party net marketplace that connects many buyers and suppliers for spot purchasing is called a(n)

Answers

A third-party net marketplace that connects many buyers and suppliers for spot purchasing is called an exchange.

What kinds of online markets are there?

When categorized by the target market, marketplaces can be divided into three primary groups: peer-to-peer (P2P), also known as customer-to-customer (C2C), business-to-business (B2B), and business-to-customer (B2C).

Exchanges: Independently owned, independent third-party online markets that can link thousands of providers and customers for on-the-spot purchases.

Therefore, Vertical markets for a single industry are offered by many exchanges.

Learn more about Third- party from the given link.

https://brainly.com/question/28238006

#SPJ4

bates company plans to add a new item to its line of consumer product offerings. two possible products are under consideration. each unit of product a costs $6 to produce and has a contribution margin of $3, while each unit of product b costs $12 and has a contribution margin of $4. what is the differential revenue for this decision? multiple choice $7 $1 $6 $9

Answers

The differential Revenue for the aforementioned company's decision would be $7. Option A is correct.

What is the differential Revenue?

The difference in sales generated by two distinct courses of action is referred to as differential revenue. The notion is widely utilized while deciding between two (or more) company ventures.

Computation of Differential Revenue:

Deal = Cost + Contribution Margin, then

Selling cost of Product A = $6+ $3= $9

Selling cost of Product B = $12+ $4 = $16

Then, the Differential Revenue would be calculated as:

Differential Revenue = Selling cost of item B – Selling cost of Product A

Differential Revenue = $16 – $9

Differential Revenue = $7

Therefore, the differential revenue for the decision of the given company would be $7. Option A is correct.

To learn more about the differential revenue, refer to:

https://brainly.com/question/28558536

#SPJ1

l. martinez, cpa, was auditing a client, marvelous retail company and selected a sample of inventory items from the perpetual records and vouched additions to receiving reports. this procedure was intended to satisfy which pcaob assertion?

Answers

The purpose of the technique was to substantiate assumption (C) Existence or occurrence. is the best choice.

Existence or occurrence: what are they?

Existence or occurrence: At a given time, the industry's debts are existent, and the agreements took place over that time. Concreteness - The reports contain all operations and entities that are required to be disclosed.

In accounting, how does the term "occurrence" mean?

Occurrence here denotes that the trades reported or documented truly took place and have to do with the organization. For instance, a documented transaction could reflect commodities that were received and charged since the period after being requested by legitimate clients.

Which three different kinds of existence are there?

These 3 sorts of existence are available.

Anicca 1. Dukkha no.2  Anatta 3.

To know more about debts click here

brainly.com/question/29634690

#SPJ4

in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?

Answers

In order to assess performance of their firms and their supply chains, managers study the data of customers to determine needs of those customers.

What is a supply chain?

A supply chain, in the context of commerce, is a network of facilities that purchases raw materials, transforms them into intermediate goods, and then distributes those commodities to customers to produce finished items. In order to supply a good or service to a customer, a network of businesses, people, events, activities, data, and resources is needed. Natural resources, raw materials, and components must be transformed into a finished product as part of supply chain activities before being delivered to the final consumer. A typical supply chain starts with the ecological, biological, and political management of natural resources, then moves on to the human extraction of raw materials, which includes a number of production links, before continuing with a number of layers of storage facilities, each getting smaller and located in increasingly remote locations, before reaching the consumer.

To learn more about supply chain, visit:

https://brainly.com/question/28165491

#SPJ4

as the new director of diversity and inclusion at your company, part of your job is to educate others in your company about the importance of diversity for your business. what argument might you present to support your case that diversity is good for business?

Answers

Diverse teams lead to more innovative and effective ideas and implementations because diverse perspectives force people to go outside their normal paradigms of operation and consider other perspectives.

Team range refers to the variations between person members of a team which could exist on diverse dimensions like age, nationality, non secular history, purposeful background or undertaking competencies, sexual orientation, and political choices, among others.

A numerous team is a collection of people who have distinctive backgrounds and abilities that paintings together as a group to acquire employer dreams. they may have variations concerning age, nationality, ethnicity, spiritual heritage, private records, expert historical past, abilities, gender or political choices.

Learn more about diverse teams here:https://brainly.com/question/17255930
#SPJ4

which combination of accounts and exchange rates is correct for the translation of a foreign entity's financial

Answers

For the accurate translation of a foreign entity's financial statement, the weightage average is the combination of accounts and exchange rates.

The process of converting the functional currency financial statements of a foreign entity to the reporting entity's financial statements is known as currency translation.

Assets and liabilities are converted at current exchange rates rather than historical ones when using the current rate approach as opposed to the temporal (historical) method. As a result, there is a significant chance that the current exchange rate will change.

Gains and losses related to this translation are recorded on a reserve account rather than the consolidated net income account, which is utilized in the temporal method, in order to assist reduce this volatility.

To know more about exchange rates click here,

https://brainly.com/question/2202418

#SPJ4

why was trade interrupted between european powers and the ming dynasty in the 15th century?

Answers

The Ming dynasty adopted an isolationist policy in the 15th century, which halted trade between European nations and the Ming. The isolationist Ming dynasty adopted this stance. The isolationist Ming dynasty adopted this stance.

European nations showed little interest in trading in the Indian Ocean. Clearly, the three technologies of gunpowder, printing, and the compass had as large of an impact on China as they had on Europe. Due to unfettered trade with its neighbors, both by sea and land via the Silk Road, which was first established during the Han dynasty, the Tang dynasty flourished.

Imperial expeditions were dispatched as far away as the east coast of Africa during this period of exploration. Early reigns' court arts are a reflection of the emperors' desire to show off their strength and majesty.

To learn more about Ming dynasty from given link

brainly.com/question/2507461

#SPJ4

What does it mean for a manufacturer's warranty ?

Answers

manufacturer's warranty This is an assurance that the business stands behind its goods and will address any issues, frequently by way of repair, replacement, or refund. Major automotive components like the battery,

seat belts, or air conditioning system may be covered by your manufacturer warranty. A manufacturer's warranty covers particular items that the automaker guarantees. It normally expires after a set period of time or after you've driven a particular number of miles and is usually included in the price of the vehicle. A service contract, which is another name for an extended warranty, isn't a warranty as that term is defined by federal law. The cost of an extended warranty is added to the purchase price of your car and often excludes routine maintenance.

Learn more about manufacturer's warranty here:

https://brainly.com/question/27241092

#SPJ4

jackie enjoys garage sales and the bargaining process. she finds an old record player and some records for $25 at one garage sale. in negotiating with the owner, she was able to pay $12 for the entire bundle. which desire as a customer did this experience fulfill for jackie?

Answers

The customer experience of finding a price that is as little as possible or the bundle was fulfilled for Jackie.

A sort of negotiation called bargaining or haggling occurs when the buyer and seller of a commodity or service argue over the cost and the specifics of the transaction in an effort to reach an understanding.

Through the process of collective bargaining, the union and employer can discuss proposals, share ideas, work together to address difficulties, and come to a written agreement. The majority of the time, negotiations take place just before a contract is about to end.

In collective bargaining, a deal between employers and employees is the goal. While negotiations are going on, members can participate in the conversation by speaking with their representatives. Building a strong local union is another excellent opportunity provided by workplace bargaining and negotiation.

Learn more about bargaining here:

https://brainly.com/question/14986865

#SPJ4

gomez service company paid its first installment on a note payable of $2000. how will this transaction affect the accounting equation?

Answers

Answer:

Answer: b. Decrease Assets (Cash) and decrease Liabilities (Notes Payable).

if output is less than full employment in the keynesian model, what is needed to restore full employment?

Answers

Changes in investment, government, or consumption expenditure can result in significantly larger changes in output and so help to restore full employment if output in the Keynesian model is below full employment.

Keynesians contend that because prices are somewhat rigid, changes in any aspect of spending, whether government, investment, or consumer spending, affect output. For instance, the output will rise if government expenditure rises while all other spending factors stay the same.

The major tenet of Keynesian economics is a short-run economic event like a recession is more likely to have aggregate demand as its main cause than aggregate supply. Second, in a downturn in the economy, unemployment may occur as a result of sticky wages and prices.

Keynes believed that full employment was impossible to achieve. According to Keynes' theory of economics, neither consumption nor investment can be increased by enough to hire more people. He advises the government to act accordingly to address the issue of unemployment as a result.

To learn more about Keynesian model, click here:

https://brainly.com/question/14382069

#SPJ4

suppose the economy is in long-run equilibrium. in a short span of time, there is a large influx of skilled immigrants, a major new discovery of oil, and a major new technological advance in electricity production. in the short run, we would expect:______

Answers

With such a case where we find a large influx of immigrants and a major new discovery of oil, as well as technological advances in electricity production we would expect the price level to decrease and real GDP to move up in the long run equilibrium.

When prices have fully matched production costs and the economy is operating at its maximum capacity, a market is said to be in long-term equilibrium. Unemployment declines to its natural level in long-run equilibrium.

When this happens, an economy is operating at full capacity, and its actual GDP is equal to its potential GDP. In order to respond to long-term or permanent changes, firms must gradually modify their prices and wages (e.g., taxes, changes to health care costs, government spending).

Since aggregate supply and demand are always fluctuating, an economy's actual GDP frequently differs from its potential GDP. As a result, rather than always being equal to potential GDP, short-run equilibrium is more likely to fluctuate around it.

The output gap, which is the difference between the actual and potential GDP, causes short-run equilibrium to change to long-run as it narrows.

Learn more about equilibriums in the economy here:

https://brainly.com/question/29238246

#SPJ4

Other Questions
you need to limit the impact of a security breach for a particular file server with sensitive company data. which strategy would you employ? the ending retained earnings balance of lambert inc. increased by $2.2 million from the beginning of the year. the company's net income earned during the year is $6.6 million. what is the amount of dividends lambert inc. declared and paid? in october, marshal drove 217 miles ,which was 62% of the distance he drove in september. How far in miles did marshal drive in september? he 'rule' that automatically places the children of parents of different social-economic-cultural groups into the less privilege group is: Read the article. use your understanding to answer the questions that follow. stem cell basics how are stem cells currently being used in the laboratory? identify whether the given items are examples of imports, exports, or neither. assume the united states is considered the domestic country. in the activator stage of physical activity you are active but participate inconsistently. in the 1990s, why did studios begin joint ventures with multiple studios and/or production companies, showing all of their logos at the start of the film? 1. The volume of a cone is 125 in. The height is three times the length of the radius. What is the height of the cone?a 20 inchesb 25 inchesc 18 inchesd 15 inches vincent contracted genital herpes 15 years ago, and is about to begin a new sexual relationship. which of the following statements is true? I will give u brainiest if u answer my question correctly :)Find the surface area of this prism f(d) = 0.0071d - 0.090d + 0.48d,where d is the diameter of the diamond.Find the domain of the function in thecontext of the situation. (Lesson 4-1)A. The domain is all real numbers.B. The domain is {dl d > 0).C. The domain is {dl d < 0).D. The domain is (dld > 0.48). for the transition matrix P = [0.9 0.1 0.3 0.7], solve the equation SP = S to find the stationary matrix S and the limiting matrix P. craniofacial size has reduced over the course of human evolution, including during the transition from foraging to farming. place the sequence of events following the dietary transition in chronological order to show how craniofacial growth became reduced. based on data reviewed in the text, on which portions of the intelligence test would one expect men to outscore women? write a program named moveestimatorgui that prompts a user for the number of hours for a moving job and the number of miles involved in the move. after the user clicks a button, display the moving fee which includes a base rate of $200 plus $150 per hour and $2 per mile. Which of the following quantities is conserved for plant orbiting a star in a circular orbit? Only the planet itself is to be taken as the system the star is not included a. Momentum and energy b. Energy and angular momentum c. Momentum, angular momentum and energy d. None of the above. Light waves are electromagnetic waves that travel at 3.00 x 10^8 m/s. the eye is most sensitive to light having a wavelength of 5.50 x10^-7 m.(a) Find the frequency of this light wave. (b) Find its period. light of wavelength 3.19 mm strikes and is absorbed by a molecule. is this process most likely to alter the rotational, vibrational, or atomic energy levels of the molecule? many couples with young children move away from city centers into suburban areas with larger homes, less crime, better educational opportunities and more open space for their families. these amenities are examples of: