Answer:
See explaination
Explanation:
We can look at the AD–AS model to be related to the Phillips curve model of wage or price inflation and unemployment. A special case is a horizontal AS curve which means the price level is constant. The AD curve represents the locus of equilibrium in the IS–LM model.
See attachment for the graphical representation of the models.
Answer and Explanation:
The computation of the expected return and the exclusion amount is shown below:
Expected return is
= Received amount on a monthly basis × total number of months in a year × life expectancy
= $500 × 12 × 24.2
= $145,200
Now the exclusion amount is
= Purchase value of an annuity × Purchase value of an annuity ÷ expected return
= $90,000 × $90,000 ÷ $145,200
= $55,785
Answer: Racial steering
Explanation: Racial steering refers to the practice in which real estate brokers guide prospective home buyers towards or away from certain neighborhoods based on their race .Another example of racist practices is racial steering, in which real estate agents direct prospective homeowners toward or away from certain neighbourhoods based on their race.Steering can take several forms. Information steering occurs when minority homeseekers are shown or given information on fewer homes or neighborhoods than non minority homeseekers. Segregation steering occurs when minorities are shown homes in areas with larger minority populations than areas shown to non minorities. And class steering occurs when neighborhoods shown to minority homeseekers are of lower socioeconomic status than those shown to non minorities. Several actors in the housing industry engage in steering. Mortgage lenders and insurance agents often provide less information and offer fewer, more expensive, and lower quality products to non white households or residents of non white communities than they do for whites and predominantly white communities.
