Answer:
Inflation simply explained is the increase in the prices of items over time. A higher inflation means higher rise in prices. In this case if the inflation rate is greater than the expected inflation rate (5% instead of 3%), the actual real wage will be less than $25.60.
The unemployment rate will decrease as workers have been relatively cheaper and the firms will also gain from the excess supply of cash due to unexpected higher inflation, and firms will higher more.
There will not be a trade off between inflation and unemployment if workers are able to perfectly adjust their inflation expectations.
BOI I think the masks will do more harm than good LOL
Answer:
1. (C.) Not excludable and not rival in consumption.
2. (D.) Not excludable and rival in consumption.
3. True
Explanation:
At first, the wireless, high-speed Internet provided for free in the airport of the city of Communityville is not not excludable and not rival in consumption as only a few people are using it, thereby making it a public good.
Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now the service is still not excludable but rival in consumption.
However, one possible way to solve the problem that arises from the increased usage is to charge a fee for using this service, which now makes it excludable.
Answer:
B. $4,000 long-term capital loss
Explanation:
Please see attachment .
