People often have different expectations. If people have rational expectations, the sacrifice ratio could be much smaller than suggested by the short-run Phillips curve is a false a statement.
- The sacrifice ratio is said to be smaller than suggested by former estimates. The short-run phillips curve will ten to shift downward and the economy would reach low inflation very fast.
Rational expectations is known to be an economic theory. It simply states that when making decisions, individual agents will capitalize their decisions on the information that is best and available and they also learn from past trends.
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The answer is: c) dates peaks and troughs only after the fact.
This mean that millions of dollar spents by the Bureau cannot necessarily used to address the economic problems that people currently face.
One argument to counter such criticism is that the data from the Bureau could be used to make future predicitons and prevent any mistakes in the past from occuring again in the future.
Answer:
He is a victim of Disparate Treatment
Explanation:
Disparate treatment is a way to prove illegal employment discrimination.
Answer:
true
Explanation:
The transfer payment comprises of both a donor as well as a receiver, with the sender giving up something that is of worth and receiving anything in return, unlike the swap agreement that equally benefits all the parties concerned.
Transfer payments cover Social Security, Medicaid, unemployment compensation, social programs and assistance. They should not be added in GDP, as they are not payments for goods or services, but rather ways to distribute money for social purposes.
Answer:
$23,300
Explanation:
Bad debt Expense will be calculated using the account receivable method. The expense is calculated using the account receivable aging analysis.
Closing Value of the Allowance for Doubtful Accounts will be as follow
As Allowance for Doubtful Accounts already have Credit balance of $12,200, we need to adjust the remainder to make the closing credit balance of Allowance for Doubtful Accounts $35,500 at the year end.
Adjustment Value = $35,500 + $12,200 = $23,300
This Expense will be recorded as follow
Dr. Bad Debt Expense $23,300
Cr. Allowance for Doubtful Accounts $23,300
