Answer:
1.short run aggregate supply decreases
2.short run aggregate supply decreases
3.short run aggregate supply increases
Explanation:
The short run aggregate supply is the total production of goods and services in an economy holding some factors of production fixed.
1. Even in a healthy economy. As the natural rate of unemployment increases, short run aggregate supply decreases.
2. A rise in the price of lumber (inflation) would cause a decrease in short run aggregate supply.
3. An increase in productivity caused by the acquisition of capital equipment would cause the short run aggregate supply to increase.
Answer:
250 hours.
Explanation:
Cost of course : $500
The extra income from the course is $2 per hour
to pay off the cost of the course requires earning $500 by working at a rate $2 per hour.
Number of hours required = $500/2
=250 hours.
Answer:
Present Value = $9,417.69 (Approx)
Explanation:
Given:
Annual payment = $1,400
Total payments = 25
Rate = 8% = 0.08
Computation:
First payment [7 years from now
]
So,
Present Value = $1,400(1/1.08⁶)[1 - (1/1.08)²⁵] / 0.08
Present Value = $1,400[6.72692]
Present Value = $9,417.69 (Approx)
Answer:
$23,160
Explanation:
The Total interest = 15,040 + 4040 + 1040 + 3040
Total interest = $23,160
Hence, the Interest deductable this year = $23,160