Answer:
The price level will be equal to what it was before there was a rise in the aggregate supply.
Explanation:
In economics, natural gross domestic product (Natural Real GDP) can be described as the maximum level of real GDP that can be sustained by an economy over the long term. The Natural Real GDP is also known as the potential output.
From the question, since the economy has moved back to producing Natural Real GDP which is the maximum real GDP sustainable, the price level will be equal to what it was before there was a rise in the aggregate supply.
Therefore, the price level will be equal to what it was before there was a rise in the aggregate supply.
Answer:
Option B.
Explanation:
Job specialization can be defined as the process whereby a person or a group of individuals who are highly qualified in a specific field are assigned to complete a particular task or to focus on their area of expertise effectively. As can be deduced from the name, job specialization refers to having a specialty or expertise in a specific sector of work.
Companies have different departments, like accounting and admin, these departments cannot be handled by just one person, regardless of whether the person is skilled in both departments. This is where job specialization comes in.
One other important aspect of job specialization is the potential to increase the level of employees' productivity and output. Productivity is of benefit to the employer, but specialization can also be of benefit to workers in that it may improve employment prospects.
Answer:
both b and c
Explanation:
A Petty Cash Fund is a convenient way of paying for small transactions. It is mostly applied when making payment using other methods is unreasonable. The money spent should be replenished at least once to take the Petty Cash Fund back to its approved balance. Replenishment is also done when the dollar balance goes below a set level. Replenishing allows the petty cash fund to operate as intended.
Answer:
The market price if the bond has a par value of $2,000 is A. $1,790.11
Explanation:
The Market Price, PV of the Bond can be determined as follows :
PMT = $2,000 × 5.80% = - $116
P/yr = 1
YTM = 7 %
n = 14
Fv = - $2,000
Pv = ?
Using a financial calculator, the Market Price, PV is $1,790.1088 or $1,790.11.
