Assume that (a) the price level is flexible upward and downward and (b) the economy is currently operating at its full-employment output. Other things equal, how will each of the following affect the equilibrium price level of real output (Q) in the short run?

A) An increase in aggregate demand
B) decrease in aggregate supply, with no change in aggregate demand
C) Equal increases in aggregate demand and aggregate supply
D) A decrease in aggregate demand
E) An increase in aggregate demand that exceeds an increase in aggregate supply

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.