Answer:
Inflation;National Banking Act ;Panic of 1907
Explanation:
What economic challenge did the newly formed American federal government face? Inflation
Which act created nationally chartered banks and circulated notes backed by the federal government? National Banking Act was pass during the Civil War, it was created so as to provide for nationally chartered banks, whose circulating notes had to be backed by U.S. government
What economic event led to the creation of the Federal Reserve? Panic of 1907 resulted in the creation of Federal Reserve by the Congress due the wreaked havoc on the fragile banking system at that time
Answer:
The answer is C.
Explanation:
Reducing tax rate according to supply - side policy creates demand pull inflation.
Demand pull inflation is a situation whereby people have more buying power due to the availability of cash thereby leading to high demand and consequentially leading to an increase in the price of goods and services by suppliers.
That is the process where demand outplays supply due to the high purchasing power thereby causing price to increase which is the demand pull inflation effect.
Answer:
D. slowdown; slowdown
Explanation:
Based on the scenario been described in the question, a decline in the index of supplier deliveries will definitely slowdown economic production because it will lead to delay in delivery and also it is an indicator that future production will be slow. Also, the narrowing of the interest rate spread between 10years treasury note the three months bill is clearly an indicator that future economic production will be slow
Answer:
Suzi
Explanation:
Comparative advantage is the relative edge that a person has over another in the production of a product. They use less resources to produce the product than others.
When two parties corporate in production the good to produce can be shared base on who has comparative advantage or the person that loses less in a production process.
In the give instance
Suzi can produce a shirt in 6 hours while Anna produces it in 3 hours. Anna is twice as fast as Suzi.
Suzi can bake a cake in 4 hours while Anna can do so in 1 hour. So Anna is 4 times faster than Suzi in baking cakes.
It will be best for Suzi to make shirts since she is only twice as slow as Anna.
Anna will be better off baking cakes as she is four times as fast here.
Answer:
The equivalent units for conversion costs= 6,912 units
Explanation:
<em>The weighted average method of valuation would be used to determine the the equivalent units for conversion costs</em>
<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>
Equivalent unit = Degree of completion × Units of inventory
<em>Items units Equivalent unit</em>
Completed unit 3,300 3,300× 100 = 3.300
Closing work in progress 4,300 4,300× 84%= <u>3,612
</u>
Total equivalent units <u>6,912
</u>
The equivalent units for conversion costs= 6,912 units
