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External link to Question : 41. Which of the following options for reducing an expected labor : 1251012
Accounting

Question : 41. Which of the following options for reducing an expected labor : 1251012

    41. Which of the following options for reducing an expected labor surplus has the benefit of being a relatively fast solution, but the disadvantage of being high in human suffering?  A. Downsizing B. Retirement C. Retraining D. Work sharing Downsizing is the planned elimination of large numbers of personnel designed to enhance organizational effectiveness.     42. Your company’s primary concern is to reduce an expected labor surplus fast; […]

External link to Question : 31. The extent to which performance the selection measure (i.e., the : 1251022
Accounting

Question : 31. The extent to which performance the selection measure (i.e., the : 1251022

    31. The extent to which performance on the selection measure (i.e., the predictor) is associated with performance on the job is called:  A. reliability. B. validity. C. generalizability. D. utility. The extent to which a performance measure assesses all the relevant — and only the relevant — aspects of job performance.     32. Which of the following is not a way to increase the reliability of a test?  […]

External link to Question : 21) The percent-of-sales method: A) computes uncollectible-account expense as a percent : 1230158
Accounting

Question : 21) The percent-of-sales method: A) computes uncollectible-account expense as a percent : 1230158

  21) The percent-of-sales method: A) computes uncollectible-account expense as a percent of accounts receivable. B) takes a balance sheet approach. C) employs the expense recognition (matching) concept. D) will result in the same amount of estimated uncollectible accounts expense as the aging method.   22) The allowance method that brings the balance of the allowance account to the needed amount as determined by the […]

External link to Question : 61. Which of the following statements about the capital acquisitions ratio : 1228464
Accounting

Question : 61. Which of the following statements about the capital acquisitions ratio : 1228464

  61. Which of the following statements about the capital acquisitions ratio is correct?  A. A high ratio indicates less need for outside financing of property, plant and equipment. B. The ratio is computed by dividing cash flow from operations by the average net property, plant and equipment. C. A low ratio may indicate a failure to update property, plant and equipment which can limit a company’s ability to […]

External link to Question : 147.Which of the following statements true about a journal entry? a. The : 1244312
Accounting

Question : 147.Which of the following statements true about a journal entry? a. The : 1244312

    147.Which of the following statements is true about a journal entry?   a. The Post. Ref. column is filled in prior to posting. b. The name of the month should be repeated for each entry. c. An explanation must follow each debit and each credit. d. All debits are listed before any credits.       148.Which of the following statements is false […]

External link to Question : 51. Based predicted production of 12,000 units, a company anticipates : 1256719
Accounting

Question : 51. Based predicted production of 12,000 units, a company anticipates : 1256719

    51. Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of fixed and variable costs for 10,000 units are:A.  $125,000 fixed and $102,500 variable.B.  $125,000 fixed and $123,000 variable.C.  $102,500 fixed and $150,000 variable.D.  $150,000 fixed and $123,000 variable.E.  $150,000 fixed and $102,500 variable.           […]

External link to Question : 51. An employee who engages in absenteeism or tardiness most represents: A. behavior : 1250891
Accounting

Question : 51. An employee who engages in absenteeism or tardiness most represents: A. behavior : 1250891

    51. An employee who engages in absenteeism or tardiness most represents:  A. behavior change. B. psychological withdrawal. C. physical withdrawal. D. physiological withdrawal. If the job conditions cannot be changed, a dissatisfied worker may be able to solve the problem by leaving the job.     52. Denise is very dissatisfied with her job situation, but she does not perceive any other employment opportunities, so she stays and spends […]

External link to Question : 111. Selling the bonds at a premium has the effect of A. raising : 1239302
Accounting

Question : 111. Selling the bonds at a premium has the effect of A. raising : 1239302

    111. Selling the bonds at a premium has the effect of  A. raising the effective interest rate above the stated interest rate. B. attracting investors that are willing to pay a lower rate of interest than on similar bonds. C. causing the interest expense to be higher than the bond interest paid. D. causing the interest expense to be lower than the bond interest paid.   112. Bonds with […]

External link to Question : 41) When adequate capacity exists in the current year to : 1211787
Accounting

Question : 41) When adequate capacity exists in the current year to : 1211787

  41) When adequate capacity exists in the current year to produce next year’s output, the cost effect of growth for capacity-related fixed costs will be zero.   42) The price-recovery component of the change in operating income measures solely the effect of price changes on revenues and costs.   43) When analyzing the change in operating income, the strategy component of growth will increase […]

External link to Question : 71. The method of accounting for investments in equity securities in : 1251454
Accounting

Question : 71. The method of accounting for investments in equity securities in : 1251454

  71. The method of accounting for investments in equity securities in which the investor records its share of periodic net income of the investee is the   A. cost method B. market method C. income method D. equity method 72. When shares of stock held as an investment are sold, the difference between the proceeds and the carrying amount of the investment is recorded as a(n)   A. prior period adjustment […]

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Approximate price: $22

July 1, 2023
    

 

21) A common assumption among macroeconomists is that when real GDP is less than potential output, factor prices adjust and the

A) AS curve shifts to the left fairly rapidly.

B) AS curve shifts to the right only very slowly.

C) AS curve shifts to the right very rapidly.

D) AD curve shifts to the left rapidly.

E) None of the above - the AS curve remains unchanged.

22) If the economy is experiencing an inflationary output gap, the adjustment process operates as follows:

A) wages do not adjust, but the AD curve shifts to the right.

B) wages fall, unit costs fall, and the AD curve shifts rightward.

C) wages rise, unit costs rise, and the AS curve shifts leftward.

D) wages rise, unit costs rise, and the AS curve shifts rightward.

E) wages fall, unit costs fall, and the AS curve shifts rightward.

23) If an economy is experiencing neither a recessionary gap nor an inflationary gap, the real output of the economy will be reflected by

A) the aggregate supply curve shifting to the left.

B) the aggregate demand curve shifting to the left.

C) the aggregate expenditure curve shifting upward.

D) the intersection of the AD and AS curves at potential output.

E) a point to the right of the aggregate supply curve at potential GDP.

24) Refer to Figure 24-1. If the economy is currently in a short-run equilibrium at Y0, the economy is experiencing

A) a recessionary output gap.

B) an inflationary output gap.

C) a labour shortage.

D) a long-run equilibrium.

E) potential output growth.

25) Refer to Figure 24-1. If the economy is currently producing output of Y0, the economy's automatic adjustment process will have the

A) AS curve shifting to the right until point A is reached.

B) vertical line at Y* shifting to the left until it gets to Y0.

C) AD curve shifting to the right until point B is reached.

D) economy remaining where it is.

E) level of potential output falling.

26) Refer to Figure 24-1. If the economy is currently producing output of Y0 and wages are sticky downwards, then the

A) economy will eventually move to point B.

B) economy will only move gradually toward point A as wages slowly adjust.

C) economy will quickly move to point A.

D) level of output will decrease below Y0.

E) AD curve will eventually shift to the right and return the economy to its full-employment level of output.

27) Refer to Figure 24-2. If the economy is currently in a short-run equilibrium at , the economy is experiencing

A) potential output growth.

B) a long-run equilibrium.

C) an excess supply of labour.

D) an inflationary output gap.

E) a recessionary output gap.

28) Refer to Figure 24-2. Suppose the economy is in equilibrium at Y1. The economy's automatic adjustment process will restore potential output, Y*, through

A) wage increases and a leftward shift of the AS curve.

B) wage increases and a rightward shift in the AS curve.

C) wage decreases and a rightward shift of the AD curve.

D) an increase in potential GDP to intersect both the AD and AS curves at B.

E) a leftward shift of the AD to intersect both the AS and potential GDP at A.

29) The Phillips curve describes the relationship between

A) aggregate expenditure and aggregate demand.

B) the money supply and interest rates.

C) unemployment and the rate of change of wages.

D) inflation and interest rates.

E) the output gap and potential GDP.

30) The Phillips curve provides a theoretical link between

A) the liquidity preference and investment demand schedules.

B) labour markets and foreign-exchange markets.

C) the goods market and productivity.

D) the goods market and the labour market.

E) inflation and the demand for money.

 

 

default image
July 1, 2023
    

 

21) A common assumption among macroeconomists is that when real GDP is less than potential output, factor prices adjust and the

A) AS curve shifts to the left fairly rapidly.

B) AS curve shifts to the right only very slowly.

C) AS curve shifts to the right very rapidly.

D) AD curve shifts to the left rapidly.

E) None of the above - the AS curve remains unchanged.

22) If the economy is experiencing an inflationary output gap, the adjustment process operates as follows:

A) wages do not adjust, but the AD curve shifts to the right.

B) wages fall, unit costs fall, and the AD curve shifts rightward.

C) wages rise, unit costs rise, and the AS curve shifts leftward.

D) wages rise, unit costs rise, and the AS curve shifts rightward.

E) wages fall, unit costs fall, and the AS curve shifts rightward.

23) If an economy is experiencing neither a recessionary gap nor an inflationary gap, the real output of the economy will be reflected by

A) the aggregate supply curve shifting to the left.

B) the aggregate demand curve shifting to the left.

C) the aggregate expenditure curve shifting upward.

D) the intersection of the AD and AS curves at potential output.

E) a point to the right of the aggregate supply curve at potential GDP.

24) Refer to Figure 24-1. If the economy is currently in a short-run equilibrium at Y0, the economy is experiencing

A) a recessionary output gap.

B) an inflationary output gap.

C) a labour shortage.

D) a long-run equilibrium.

E) potential output growth.

25) Refer to Figure 24-1. If the economy is currently producing output of Y0, the economy's automatic adjustment process will have the

A) AS curve shifting to the right until point A is reached.

B) vertical line at Y* shifting to the left until it gets to Y0.

C) AD curve shifting to the right until point B is reached.

D) economy remaining where it is.

E) level of potential output falling.

26) Refer to Figure 24-1. If the economy is currently producing output of Y0 and wages are sticky downwards, then the

A) economy will eventually move to point B.

B) economy will only move gradually toward point A as wages slowly adjust.

C) economy will quickly move to point A.

D) level of output will decrease below Y0.

E) AD curve will eventually shift to the right and return the economy to its full-employment level of output.

27) Refer to Figure 24-2. If the economy is currently in a short-run equilibrium at , the economy is experiencing

A) potential output growth.

B) a long-run equilibrium.

C) an excess supply of labour.

D) an inflationary output gap.

E) a recessionary output gap.

28) Refer to Figure 24-2. Suppose the economy is in equilibrium at Y1. The economy's automatic adjustment process will restore potential output, Y*, through

A) wage increases and a leftward shift of the AS curve.

B) wage increases and a rightward shift in the AS curve.

C) wage decreases and a rightward shift of the AD curve.

D) an increase in potential GDP to intersect both the AD and AS curves at B.

E) a leftward shift of the AD to intersect both the AS and potential GDP at A.

29) The Phillips curve describes the relationship between

A) aggregate expenditure and aggregate demand.

B) the money supply and interest rates.

C) unemployment and the rate of change of wages.

D) inflation and interest rates.

E) the output gap and potential GDP.

30) The Phillips curve provides a theoretical link between

A) the liquidity preference and investment demand schedules.

B) labour markets and foreign-exchange markets.

C) the goods market and productivity.

D) the goods market and the labour market.

E) inflation and the demand for money.

 

 

default image
July 1, 2023
    

 

21) A common assumption among macroeconomists is that when real GDP is less than potential output, factor prices adjust and the

A) AS curve shifts to the left fairly rapidly.

B) AS curve shifts to the right only very slowly.

C) AS curve shifts to the right very rapidly.

D) AD curve shifts to the left rapidly.

E) None of the above - the AS curve remains unchanged.

22) If the economy is experiencing an inflationary output gap, the adjustment process operates as follows:

A) wages do not adjust, but the AD curve shifts to the right.

B) wages fall, unit costs fall, and the AD curve shifts rightward.

C) wages rise, unit costs rise, and the AS curve shifts leftward.

D) wages rise, unit costs rise, and the AS curve shifts rightward.

E) wages fall, unit costs fall, and the AS curve shifts rightward.

23) If an economy is experiencing neither a recessionary gap nor an inflationary gap, the real output of the economy will be reflected by

A) the aggregate supply curve shifting to the left.

B) the aggregate demand curve shifting to the left.

C) the aggregate expenditure curve shifting upward.

D) the intersection of the AD and AS curves at potential output.

E) a point to the right of the aggregate supply curve at potential GDP.

24) Refer to Figure 24-1. If the economy is currently in a short-run equilibrium at Y0, the economy is experiencing

A) a recessionary output gap.

B) an inflationary output gap.

C) a labour shortage.

D) a long-run equilibrium.

E) potential output growth.

25) Refer to Figure 24-1. If the economy is currently producing output of Y0, the economy's automatic adjustment process will have the

A) AS curve shifting to the right until point A is reached.

B) vertical line at Y* shifting to the left until it gets to Y0.

C) AD curve shifting to the right until point B is reached.

D) economy remaining where it is.

E) level of potential output falling.

26) Refer to Figure 24-1. If the economy is currently producing output of Y0 and wages are sticky downwards, then the

A) economy will eventually move to point B.

B) economy will only move gradually toward point A as wages slowly adjust.

C) economy will quickly move to point A.

D) level of output will decrease below Y0.

E) AD curve will eventually shift to the right and return the economy to its full-employment level of output.

27) Refer to Figure 24-2. If the economy is currently in a short-run equilibrium at , the economy is experiencing

A) potential output growth.

B) a long-run equilibrium.

C) an excess supply of labour.

D) an inflationary output gap.

E) a recessionary output gap.

28) Refer to Figure 24-2. Suppose the economy is in equilibrium at Y1. The economy's automatic adjustment process will restore potential output, Y*, through

A) wage increases and a leftward shift of the AS curve.

B) wage increases and a rightward shift in the AS curve.

C) wage decreases and a rightward shift of the AD curve.

D) an increase in potential GDP to intersect both the AD and AS curves at B.

E) a leftward shift of the AD to intersect both the AS and potential GDP at A.

29) The Phillips curve describes the relationship between

A) aggregate expenditure and aggregate demand.

B) the money supply and interest rates.

C) unemployment and the rate of change of wages.

D) inflation and interest rates.

E) the output gap and potential GDP.

30) The Phillips curve provides a theoretical link between

A) the liquidity preference and investment demand schedules.

B) labour markets and foreign-exchange markets.

C) the goods market and productivity.

D) the goods market and the labour market.

E) inflation and the demand for money.

 

 

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