A closed economy can be described by the long-run classical model:
Y = 2K0.5 L 0.5
C = 950 + 0.5(Y – T) – 70r
I(r) = 3000 – 30r
MPK = K -0.5 L 0.5
MPL = K0.5 L -0.5
Note: r is measured in percentage points (i.e., if r = 5, then r = 5%). Keep your answer to 3 decimal places if needed. The economy is endowed with 625 units of capital and 10000 workers. Initially, the government collects 14% of output as income taxes and it runs a budget surplus of 100.
a) Find the equilibrium levels of output, real interest rate, and investment. Also, find the long-run equilibrium real wage for labour and real rental price of capital. Suppose the business confidence index changes from 113 to 115. As a result, autonomous investment changes by 4%. Note: you will need to decide whether autonomous investment increases or decreases.
b) Find the new equilibrium levels of real interest rate, investment, and real rental price of capital. c) Show your answers for parts (a) & (b) in three diagrams (that depict the loanable funds market, the labour market, and the rental market for capital in long-run equilibrium). Be sure to identify which points on your diagrams are the long-run equilibria for part (a) & (b) respectively. No written explanation is required. d) (Continued from part b) Suppose the government wants to keep the (equilibrium) level of consumption to 1798 via a change in government spending. Find the level of government spending that could achieve this goal. What happens to the budget balance (i.e., increase or decrease, and by how much)? e) (Ignored part (d)) Now, consider what happens to the economy in the very long-run. Based on your answer in part (b), what happens to the stock of capital and level of output in the very long-run? Explain in words only. (5 points

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Answer:

Got it

Explanation:

Answer:

A. It wants to increase the value of goods and services it produces.

Explanation:

GDP is the total value of all commodities and services produced within the country over a  given period.  Only finished consumer goods are considered when calculating GDP. The GDP value communicates the state of a country's economy. An increase in GDP reflects growth, while a decrease suggests a recession.

When a country wants to increase the GDP value, it is thinking of increasing the value of all commodities and services produced within its boundaries. Increasing GDP is similar to expanding the economy.

Answer:

it wants to increase the value of good and services it produces

Explanation:

Answer:

Benifits society

Explanation:

The name which is given to the manager who believe that their native country, culture, language, and behavior are superior to all others is known as being:

This refers to the the mindset of a person who believes that his personal beliefs, culture food and tradition is superior to others.

With this in mind, as we see that the manager believes that his native country, culture, language, and behavior are superior to all others, then we know that he is ethnocentric and not a very people oriented manager.

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Duracell is able to derive its strategic position from Few competitors, broad market.

Duracell is popular because they have a great strategic position. This position comes from the fact that they have few competitors in a market that serves a very broad base.

As a result, they are able to sell to a lot of entities which makes them very successful.

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Answer:

$392

Explanation:

Using the simple interest formula....

A=P(1+rt)

A=350(1+(0.04)(3))

A=350(1+(0.12)

A=350(1.12)

A=350x1.12

A=392

"Because of the ease of entry into the market of monopoly, profits are competed away by the new firms. " The statement is False.

One of the defining characteristics of a monopoly is that there are significant barriers to entry, which prevent or deter new firms from entering the market and competing for profits. In contrast, in a perfectly competitive market, there are no barriers to entry, and any firm can enter or exit the market freely.

Therefore, the statement "Because of the ease of entry into the market of monopoly, profits are competed away by the new firms" is false. In a monopoly market, the absence of competition allows the monopolist to charge higher prices and earn economic profits in the long run, unless the monopoly is regulated or broken up by antitrust authorities.

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Although there are many non-monetary rewards or prizes, financial rewards are most often the foundation of an incentive.

Both employees and employers gain from rewards and incentives in the workplace. Employee motivation to support organizations in attaining their goals might increase when they receive incentives.

Employers and staff alike can benefit from a healthy work environment and can go a long way in increasing productivity through workplace incentives and prizes for employees.

Offering prizes to your workers can drive them to work hard and advance, but more significantly, it can make them feel valued and acknowledged for the wonderful work they do. Incentives are one method to do this.

A devoted crew that receives occasional incentives might assist your business with committed workers Interested employees lower costs associated with employee churn.

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Answer:

A.

Explanation:

In many industries wages are linked to enterprise cost of living which ensures a fair wages to workers. The wage rates are directly influenced by cost of living of a place. The workers will accept a wage which may ensure them a minimum standard of living. Wages will also be adjusted according to price index number.

They fight for higher pay for workers is the way organizations influence workers for wages. In many businesses, wages are tied to the cost of living of the company, ensuring that workers are paid fairly.

In both the official and informal economies, wage employment encompasses any salaried or compensated position under contract to another person, organization, or company. Finding decent-paying work for those with impairments is often difficult.

Thus, option A, They fight for higher pay for workers is correct.

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The increase in monthly payment would be done by $15 if the original amount is $750.

CPI stands for Consumer Price Index and represents the change in prices of goods and services over the period of time being paid by the consumers.

Given values:

CPI of the base year: 150

CPI of the current year: 153

Amount paid: $750

Step-1 Computation of inflation rate :

\(\rm\ Inflation \rm\ rate =\frac{\rm\ CPI \rm\ of \rm\ current \rm\ year - \rm\ CPI \rm\ of \rm\ base \rm\ year}{\rm\ CPI \rm\ of \rm\ base \rm\ year} \\\rm\ Inflation \rm\ rate=\frac{153-150}{150} \\\rm\ Inflation \rm\ rate=0.02 \times\ 100 \\\rm\ Inflation \rm\ rate=2\%\)

Step-2 Computation of increase in monthly payment:

\(\rm\ Increase \rm\ in \rm\ monthly \rm\ payment=\rm\ Inflation \rm\ rate \times\ \rm\ Original \rm\ amount\\\rm\ Increase \rm\ in \rm\ monthly \rm\ payment=2\% \times\ \$750\\\rm\ Increase \rm\ in \rm\ monthly \rm\ payment=\$15\)

Therefore, the increase of $15 in the monthly payment where the original amount of $750 with an inflation rate of 2%.

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Answer:

100 students at college

In the analysis of a capital budgeting proposal, there are no after-tax consequences for the item (C) reduction of working capital balances at the end of the useful life of the capital asset.

This is because when the working capital is reduced, it frees up cash for the company without generating taxable income or a deductible expense. On the other hand, items (A) cash flow from operations and (B) gain or loss on the disposal of the asset both have after-tax consequences, as they can affect a company's taxable income.

On the other hand, gains or losses on the disposal of the asset and reductions in working capital balances at the end of the asset's useful life do have after-tax consequences.

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The conceptual connections between goodwill, duty and categorical imperative refer to the theory of Transcendental Idealism developed by Imannuel Kant. According to him, the Categorical Imperative corresponds to the way individuals evaluate moral actions and make moral judgments.

The relationship between them occurs according to the theory of goodwill, which relates to human intention and will, which must be to act in accordance with reason to determine the right, which is the duty of individuals.

Therefore, according to Kant, moral law must satisfy the precepts of being universal, impartial and rational, which can be learned by the cognitive processes of human beings.

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If Frank makes Justin a night shift supervisor he would be engaging in the function of management that is called the Organizing function.

The organizing function is that stage that follows the planning stage. At this stage the resources would be distributed then the different tasks would be allocated to the personnel or employees that are responsible for them.

Delegation of these tasks to these personnel would be very useful because it helps to achieve those tasks that they set out in the planning stage.

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The BEST way for Kendra to end her email to her manager is option A: Please review the memo and let me know if you have any changes by 3 p.m. today.

A review is an opinion or analysis of something's quality. Review can also refer to going through a subject again as part of a study session or returning to something.

Note that when used as a noun and a verb, review has numerous additional meanings. A review is a critique of something, telling both its strengths as well as weaknesses.

Therefore, a book memo is an analysis of the book, or a review. A review, which is more than just a summary, presents an argument.

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The figure "raw materials used in manufacture" in a manufacturing account should be calculated as follows:

opening raw material inventories plus purchasing raw materials - Closing the raw materials inventory This formula considers the beginning raw material inventory, adds the purchases made throughout the accounting period, and then deducts the ending raw material inventory. The resulting number displays the volume of raw materials used or consumed during the designated time frame.

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Answer:

human

Explanation:

Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level

So as per the given situation it is a human skills

Answer:

Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good. Convenience impulse good are good which entices the consumer which leads to he making purchase without researching or thinking.

Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good. Unsought good are goods that the consumer has no prior knowledge on and usually purchased out of fear.

Jamie goes to the store to buy toothpaste - Convenience staple good. Convenience staple good are goods regularly consumed.

Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good. Shopping good are goods purchased after consumer had compared its prices, quality in different store.

Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good. Specialty good are goods which specific characteristics and benefit such that consumer has a reason for purchasing it.

Explanation:

Advantages & Disadvantages of Owning Your Own Company

Advantage: Financial Rewards. ...

Advantage: Lifestyle Independence. ...

Advantage: Personal Satisfaction and Growth. ...

Disadvantage: Financial Risk. ...

Disadvantage: Stress and Health Issues. ...

Disadvantage: Time Commitment. ...

Try a Side Hustle.

The most common applications of Collaborative Planning, Forecasting, and Replenishment (CPFR) are found in the apparel, food, and general merchandise industries.

Explanation: Collaborative Planning, Forecasting, and Replenishment (CPFR) is a supply chain management strategy that focuses on enhancing collaboration and information sharing between trading partners.

While CPFR can be applied across various industries, it has gained significant traction in the apparel, food, and general merchandise sectors.

These industries often deal with complex supply chains involving multiple stakeholders, including manufacturers, distributors, and retailers.

The implementation of CPFR in these industries helps to improve demand forecasting accuracy, optimize inventory levels, streamline replenishment processes, and reduce costs.

The agricultural industry, although involved in the supply chain, may have different characteristics and requirements compared to the other mentioned industries, which might explain its relatively lower adoption of CPFR.

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The special office created by the Dodd-Frank Act to police financial industry practices and protect borrowers is called the Consumer Financial Protection Bureau (CFPB).

The CFPB was established in 2010 and is an independent agency of the United States government. Its primary role is to promote fairness and transparency in the consumer financial market. The CFPB has several key responsibilities, including enforcing federal consumer financial laws, providing consumers with information and tools to make informed financial decisions, and monitoring financial markets for potential risks to consumers. The bureau has the authority to investigate and take legal action against financial institutions that engage in unfair, deceptive, or abusive practices.

Additionally, the CFPB is responsible for regulating various financial products and services, such as mortgages, credit cards, payday loans, and student loans. It works to ensure that consumers are treated fairly and have access to clear and accurate information about the costs and risks associated with these products. Overall, the CFPB plays a crucial role in protecting borrowers and maintaining the integrity of the financial industry by promoting consumer financial education, monitoring market practices, and enforcing federal consumer financial laws.

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The Baldrige Criteria that focuses on how a firm assesses the relative importance of product or service features is Product and Process Results.

This criterion examines an organization's performance and improvement in key business areas such as product and service outcomes, customer-focused outcomes, workforce-focused outcomes, process effectiveness outcomes, and leadership outcomes. By assessing the relative importance of product or service features, a firm can ensure that they are meeting the needs and expectations of their customers and can make improvements or changes as needed. This is an important aspect of the Baldrige Criteria as it helps organizations to stay competitive and maintain a strong focus on customer satisfaction.

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The journal entries for the transactions listed above are as follows:

1. To record the issuance of a $9,900, 9% bond payable at par and the bonus issuance of one share of preferred stock:

  Bonds Payable               $9,900

  Preferred Stock             $116

      Cash                                     $10,016

2. To record the issuance of 480 shares of common stock in exchange for equipment:

  Equipment                        $7,200

      Common Stock (480 shares × $15)            $7,200

3. To record the issuance of 398 shares of common stock and 100 shares of preferred stock for a lump sum amount of $11,200:

  Common Stock                 $5,074

  Preferred Stock                $6,726

      Cash                                     $11,200

4. To record the issuance of 200 shares of common stock and 53 shares of preferred stock in exchange for equipment:

  Equipment                        $6,200

      Common Stock (200 shares × $15)                $3,000

      Preferred Stock (53 shares × $67)                $3,550

The transactions involve the issuance of shares of stock in various scenarios. Each transaction is recorded using journal entries to properly account for the changes in the company's equity and assets. In the first transaction, a bond payable is issued at par value along with a bonus issuance of one share of preferred stock. The bond payable is recorded as a liability, and the preferred stock is credited at its market value.

The second transaction involves the issuance of common stock in exchange for equipment. The equipment's appraised value is used to determine the value of the transaction, and the common stock is credited at its market price.

In the third transaction, a lump sum amount is paid for the issuance of common and preferred stock. The amounts allocated to common and preferred stock are determined based on their respective market prices.

Finally, the fourth transaction involves the issuance of common and preferred stock in exchange for equipment. The fair value of the equipment and the market prices of the stock determine the recording of this transaction.

By recording these journal entries, the company accurately reflects the issuance of shares of stock and the corresponding impact on its financial statements.

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Answer:

because they are in high demand because so many other people want them

Answer:

Net loss; $5,000

Explanation:

$123,000 (income)

- 128,000 (expenses)

_________________

-5,000

Answer:

C.) advertising nationally

Explanation:

This is the correct answer. The person above may only have a 3-star rating, but they are correct.

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Among the points on Exhibit 8-1, the one that is most likely representative of the lowest unemployment rate is the point located at the top of the downward sloping curve, where the real GDP is at its highest.

Exhibit 8-1 illustrates the relationship between the unemployment rate and real GDP. In an inverse relationship, as real GDP increases, the unemployment rate tends to decrease. Conversely, as real GDP decreases, the unemployment rate tends to increase. Therefore, the point on the graph that represents the lowest unemployment rate would correspond to the highest level of real GDP. This point is located at the top of the downward sloping curve, indicating a strong economy with low unemployment.

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