A __________ is a two-part process. one part explains what an employee would actually do at various jobs.

Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply.

1). The level of technological knowledge

2). The price level

3). The size of the labor force

4). The quantity of physical capital

The Federal Reserve System is United States of America of central banking system. The Fed doubles the quantity of money growth rate in the economy. In the long run, the increase in money growth will change the price level  and/or a change in supply of goods and services

Suppose the government passes a law that significantly increases the minimum wage. The policy will cause the natural rate of unemployment to rise, which will:

1). Shift the long-run aggregate supply curve to the right

2). Shift the long-run aggregate supply curve to the left

3). Not affect the long-run aggregate supply curve

The minimum wage is the lowest monthly or hourly remuneration that employers are legally allowed to pay their workers. The minimum wage acts like a tax on businesses. The aggregate supply curve shifts to the left, as the price of key inputs rises. Therefore it makes a combination of lower output, higher unemployment, and higher inflation.

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An increased money supply would raise the price level and inflation, but wouldn't alter physical capital or labor force size. Lower unemployment benefits would reduce unemployment and shift the long-run aggregate supply curve rightward. Event-driven shifts in LRAS curve are dictated by changes in labor force and capital.

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Answer:

It will take 26 Months to achieve payback on investment of $2,000,000

Explanation:

Let me start by simplifying the question:

The initial investment is $2 Million. The outcome of investment is the consistent increase of 1.7% in the demand of product, which means our sales will increase by the 1.7% each subsequent year. The contribution to the revenue from additional sales is 33.6%.

Consider this table below below attached to this answer:

It gives us that in the next 2 years, $1.8 Million (1,875,298 to be precise) is derived.

Hence, the near answer to reach the goal of payback of $2 Million would be the 26 months.

To tackle a liquidity crisis during war, a country can employ strategies such as financial aids similar to the Marshall Plan, resolve balance of payments crisis through adjustments in exchange rate or IMF loans, and prevent capital flight. Financial crises can have global impacts, and holding US government debt is a common practice for its stability.

To address the crisis of liquidity faced by a country in times of war, there are several strategies that can be considered.:

During the 2008 financial crisis, stock markets worldwide suffered heavy losses. To avoid spillover effects from a financial crisis, countries need to ensure robust economic policies and practices. Holding US government debt by other countries is often seen as a safe investment due to the stable value of the dollar.

To finance wars historically, nations have used methods including taxes, borrowing, and printing more money. However, such practices can lead to inflation and economic disruption, affecting the liquidity and balance of payments within a nation.

True, the telephone company does have a strong incentive to lower costs when subject to average-cost pricing regulations due to the nature of price cap regulation that rewards cost efficiency with higher profits while penalizing inability to reduce costs with potential losses.

True or false: over time, the telephone company has a very strong incentive to lower costs when subject to average-cost pricing regulations. The answer to this statement is true. With average-cost pricing regulations, a natural monopoly like a telephone company has incentives to minimize costs, largely due to the structure of the price cap regulation system.

During the 1980s and 1990s, regulators introduced price cap regulation to encourage cost efficiency. Under this system, regulated firms such as telephone companies were allowed to charge a price set by the regulator which would typically decrease over time. If a firm could find ways to reduce its costs more effectively than the rate of the price caps, it could secure higher profits. Conversely, if the firm failed to keep costs down to meet the price cap requirements, it could incur losses.

Given the historical context in the United States, where AT&T was once the sole provider of local and long distance telephone service, there has been a transition from monopolistic markets to more competitive ones. Advances in technology have led to reduced average costs and increased consumer choice, making it imperative for telephone companies to continue to find ways to lower costs in order to maintain profitability.

Final answer:

The telephone company does have a strong incentive to lower costs over time under average-cost pricing due to the benefits of economies of scale, advancements in technology, and the structure of price cap regulation which rewards cost efficiency with higher profits.

Explanation:

True, over time, the telephone company has a very strong incentive to lower costs when subject to average-cost pricing regulations. This tendency is driven by the structure of natural monopolies, where average costs decline over the range of production that satisfies market demand due to significant economies of scale. Furthermore, with improvements in technology such as microwave transmission and communications satellites, these incentives are bolstered by the potential for reduced expenses and increased efficiencies.

Beginning in the 1980s and 1990s, regulators adopted price cap regulation, which sets a price that declines over time. This incentivizes firms to reduce costs to maintain or increase profits. Should a firm reduce its costs quicker than the price caps, it can realize higher profits, while failing to do so might result in losses. Thus, incentives are in place for monopolistic firms to continually seek cost-reducing innovations and improve efficiencies.

The entry to record the sale of the truck would include a debit to Cash, a credit to Accumulated Depreciation, a credit to Truck, and a debit to Loss on Sale of Truck.

The entry to record the sale of the truck would include a:

Final answer:

The question pertains to accounting for the sale of a fixed asset, a truck, where its original cost, accumulated depreciation, and cash received from the sale must be considered to determine the gain or loss. The appropriate journal entry would involve debiting cash, accumulated depreciation, and the loss on the sale (if any), and crediting the asset account.

Explanation:

The sale of the truck involves recording the cash received, removing the truck's original cost and its accumulated depreciation from the books, and recognizing any gain or loss on the sale. To determine the gain or loss on the sale of the truck, first subtract the accumulated depreciation from the original cost to find the book value. Then compare the book value to the cash received to determine if there's a gain or loss. In this case:

The journal entry to record this sale would be:

This entry removes the truck and its accumulated depreciation from the balance sheet, records the cash received, and recognizes the loss on the sale of the truck.