Answer:
Maria spends all of her money on paperback novels and beignets In 2011 she Earned $27 per hour, the price of a paperback novel was $9, and the price of a beignet was $3.
Following give the nominal value of a variable: -
- The price of a beignet is $3 in 2011
- Maria's wage is $27 per hour in 2011
Following give the real value of a variable:
- The price of a paperback novel is 3 beignets in 2011
- Maria's wage is 9 beignets per hour in 2011.
Suppose that the Fed sharply macaws the money supply between 2011 and 2016 In 2016, Maria's wage has risen to $54 per hour. The price of a paperback novel is $18 and the price of a beignet is $6
In 2016, the relative price of a paperback novel is 3 beignet
Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.
Monetary neutrality is the proposition that a change in the money supply affecis nominal variables and does not affecis real variables
Answer:
A- 12
B- 1.09
C- 52.15%
Explanation:
A. The job finding rate (f) is the fraction of unemployed individuals who find a job each month. (f) is thus the inverse of the average spell of unemployment. Spell of unemployment was 1/12. Knowing that 1/12 is 0.083, then inverse it. 0.083^-1 = 12.
B. Separation Rate would be 11/12 or 0.917. Take the inverse of that 0.917^-1 = 1.09
C. natural rate of unemployment = rate of job separation / (rate of job separation + rate of job finding) = 1.09/1+ 1.09 = 52.15%. this shows that natural and unemployment is 52.15%.
Answer:
Explanation:
Perpetual Inventory Record
Date Description Qty Unit price Dr Cr
July 1 Balance B/f 6 $110 $660
July 7 Purchases 12 $112 $1,344
July 11 Sales 17 $195 $3,315
July 19 Purchases 15 $114 $1,710
July 28 Sales 12 $195 $2,340
Ending Inventory using FIFO is 4 @ $114 = $456
Cost of goods sold using FIFO = $660+ $1,344+$1,254 = $3,258
Journal Entries
Purchases A/c Dr Cr
July 7 Purchases $1,344
July 19 Purchases $1,710
Sales A/c Dr Cr
July 11 Sales $3,315
July 28 Sales $2,340
Account Receivable a/c Dr Cr
July 11 Sales $3,315
July 28 Sales $2,340
Account Payable a/c Dr Cr
July 7 Purchases $1,344
July 19 Purchases $1,710
Answer:
This question is incomplete, it misses the options. The options are the following:
For the first question:
a) boom
b) expansion
c) recession
For the second question:
a) cyclical
b) frictional
c) structural
And the correct answer are the options B and A: recession and cyclical.
Explanation:
To begin with, when an economy is in recession that means that the whole production of it is slowing down because of the economic policies taken, due to the context of it and many other factors. Therefore that, when an economy is in recession the rate of unemployment increases due to the decrease of the production and that type of unemployment is known as cyclical because it relates to the process that the economy is going through.
<span>One of the primary disadvantages of renting as opposed to buying is that there are limitations in what can and cannot be done to the home. On the other hand, the benefit of paying less and lesser risks is something that home renters enjoy over their homeowner counterparts.</span>
