If Planned Aggregate Expenditure Equals 5,000 + 0

question 128

Multiple Choice

If planned aggregate expenditure equals 5,000 + 0.55Y and potential output (Y*) equals 10,000,then this economy has a(n) __________ gap that can be closed by _________.

• A) expansionary;decreasing taxes
• B) expansionary;increasing transfer payments
• C) expansionary;decreasing government purchases
• D) recessionary;increasing government purchases
• E) recessionary;increasing taxes

Identify different types of flexible work arrangements and their benefits.

Describe core time and its significance in flex-time systems.

Explain the consequences of flex-time on job satisfaction, turnover, and productivity.

Describe work sharing and its purpose.

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Definitions:

Interest Revenue

Income earned by an entity from lending money or investing in interest-bearing financial instruments.

Unearned Interest

Interest that has been collected on a loan by a lender but not yet earned because the loan principal has not been fully disbursed.

Bargain Purchase Option

A clause in a lease agreement allowing the lessee to purchase the leased asset at the end of the lease term at a price significantly below its expected fair market value.

Executory Costs

Expenses related to executing a contract, such as maintenance and insurance costs, that are typically incurred over the contract's term.