If incomes rise rapidly in the united States and U.S preferenced for foreign goods strengthen, we would expect D. the dollar to depreciate in value.
Answer: eventually rise and fall to match upward or downward changes in the price level.
Explanation:
Long-run aggregate supply (LRAS) curve simply shows the long-term output for a country. In the long-run, it should be noted that the aggregate supply curve is vertical, which shows that the changes in the aggregate demand will only result in a temporary change with regards to the total output of the economy.
The aggregate supply curve of an economy assumes that the wages and other resource prices eventually rise and fall to match upward or downward changes in the price level.
Therefore, the correct option is A.
Answer:
A. A credit to Child Care Fees Earned of $4,500.
Explanation:
The journal entry to record this given transaction is shown below:
Cash A/c Dr $4,500
To Child Care Fees Earned A/c $4,500
(Being the fees earned is recorded)
Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.
The monthly fee is $9,000 but we have to compute for 15 days, so it would be
= $9,000 ÷ 2
= $4,500
Answer:
B. Escalator Clause
Explanation:
An escalation clause is a clause in a lease or contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting the value has been determined. An important example of this is a contract that adjusts for inflation.
Answer:
The answer is 2. Ten percent of the principal of the loan
Explanation:
By law, maximum commissions for first trust deed loans are at :
- 5% of the principal for loans less than 2 years or less than 3 years
- 10% of the principal for loans 3years and more.
Second trust deed loans, on the other hand, are stated at 5% for loans up to 2years, 10% for loans between 2-3 years and 15% for loans more than 3 years.
