If consumers and firms become less optimistic about the future economy then (C) unemployment will rise.
<h3>
What is unemployment?</h3>
- Unemployment is the state of being capable of working, actively seeking work, but unable to find any.
- It should be noted that in order to be considered unemployed, a person must be an active member of the labor force and actively seeking remunerative work.
- Unemployment reduces demand, consumption, and purchasing power, resulting in lower profits for businesses and budget cuts, and workforce reductions.
- It starts a vicious cycle that is difficult to break without outside intervention.
- Unemployment will rise if consumers and businesses become less optimistic about the future economy.
Therefore, if consumers and firms become less optimistic about the future economy then (C) unemployment will rise.
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The complete question is shown below:
1. Consider an economy at full employment. If consumers and firms become less optimistic about the future economy then
a) price levels will rise.
b) output will rise.
c) unemployment will rise.
Answer:
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Answer:
40
Explanation:
According to Ricardian theory, any change in budgets deficits or surpluses should be completely offset by an equal change in private savings.
In this case, the original amount of private savings was 80, but since the budget deficit decreased by 40, then the private saving should also decrease by 40. The total private saving = 80 - 40 = 40
Answer:
$102,870
Explanation:
The computation of Total cash disbursements is shown below:-
Variable overhead = Direct labor budget × Variable overhead rate
= 8,100 × $1.40
= $11,340
Fixed expenses incurred in cash = Total fixed expenses - Depreciation
= $100,440 - $8,910
= $91,530
Total cash disbursements = Total variable manufacturing overhead + Fixed cash overhead
= $91,530 + $11,340
= $102,870
Therefore for computing the Total cash disbursements we simply applied the above formula.
<span> The term budget constraint denotes the consumption limitation because of a certain income.</span><span>
The slope of the budget constraint is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good.
</span><span>The concept of budget constraint is used to analyze consumer choices. </span>
