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3 years ago

What are the costs of inflation? Which of these costs do you think are most important for the U5. economy?

Business

1 answer:

vesna_86 [32]3 years ago

5 0

Explanation:

Menu cost, shoe leather cost, losing money and wealth redistribution from creditors to debtors through inflation.

Most people cut down their spending when they are not making enough money or when there is continuous increase in price, during this period people are mindful of what they spend money on, this will lead to lowered economic growth over a long period of time.

The most important will be the effect of money losing it's value, the fact that money loses its purchasing power which will lead to decrease in demand for goods and services as well as lack of savings will increase the bottleneck on welfare services as people will rely more on them, this will hurt US the most.

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3 years ago

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Answer:

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I did this equation and i got 5,880, and i do believe that my work is correct but it may not be so.....

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3 years ago

The market demand curve for a normal good will shift to the left (decrease) when the price of a substitute good ▼ increases de

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1. decreases
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The answers here require you to understand the terms involved. So let's look at the options and see what is what.
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3 years ago

Jacob has taken an suv on lease from free cruisers inc. for a period of four years. jacob does not need to pay any extra amount,

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3 years ago

Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and me

vazorg [7]

Answer:

Budgeted amounts: June July August

1. Purchases $1,480,000 $1,570,000 $1,220,000

2. Cost of goods sold $1,240,000 $1,770,000 $1,190,000

Explanation:

The computations are shown below:

Budgeted amounts: June July August

Ending accounts payable $130,000 $300,0000 $120,000

Payments on account $1,500,000 $1,400,000 $1,400,000

Subtotal $1,630,0000 $1,700,000 $1,520,000

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Purchases $1,480,000 $1,570,000 $1,220,000

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Purchases $1,480,000 $1,570,000 $1,220,000

Cost of goods available for sale $1,740,000 $2,070,000 $1,520,000

Ending inventory (500,000) (300,000) (330,000)

Cost of goods sold $1,240,000 $1,770,000 $1,190,000

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3 years ago