A stock-market boom stimulates consumer spending by $550, and there is a small operative crowding-out effect.
Option A
<u>Explanation:
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Increasing consumption, i.e. further consumer spending, will result in increased overall demand for goods and services. Therefore, if spending decreases, i.e. if interest rates decline, demand will increase with development in technologies and increase output. And demand is going to rise.
The rate of interest is falling, resulting in a higher real balance for the economy. This boosts aggregate demand, which improves revenue and spending efficiency. Often, the demand curve will change left if the money supply declines.
Effect of increasing public spending, Increased government budgets are likely to increase total demand (AD).
Answer:durable goods are products that do not need to be purchased often, whereas non-durable goods are products that expire more quickly.
Explanation:
Answer:
Hugh's statement is an attempt to reduce his frustration about buying the product at a more expensive price.
Explanation:
Human beings always try to find a reason to justify their actions, even if that particular action was a bad one.
Hugh bought a calculator for $125 from one store and the next week, he saw the same calculator being advertised for a significantly lower amount. He felt cheated and he immediately blamed himself for being cheated when there was a better deal out there. As a way to make himself feel better about the ordeal, he tells himself that the product quality from the second store is always known to be of an inferior quality.
This is a defence mechanism to cover or try to hide our frustrations and anger at things not going our way so we invent something that will make us immediately feel better about ourselves and our decision.
A shop that sells one type of thing
Answer:
Interest Expense 696 Interest Payable 696
Explanation:
Based on the information given the appropiate adjusting journal entry to be made on December 31, 2022 for the interest expense accrued to that date, If we assumed that no journal entries have been made previously to accrue interest is:
December 31, 2022
Dr Interest Expense $696
Cr Interest Payable $696
($34800*8%*3/12)
(To record interest expense accrued)
