Answer:
b.
Explanation:
Based on the information provided regarding this situation it seems that Jennifer's decision represents rational expectations, since she is changing her expectations to reflect new information. This is the case because she was expecting her commute time to be 45 min. but adjusted this expectation when she heard that her route was closed and she knew that she would have to take a detour which would add roughly another 15 min. to her commute.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Business cycle
Explanation:
Cyclical unemployment is when employment level changes with the business cycles. Unemployment increases when there's a downturn in the economy and reduces when there's an upturn in the economy.
During downturns, firms demand for labour falls and unemployment increases.
During a boom, firms demand for labour increases and unemployment falls.
I hope my answer helps you
Answer: $2,870,000
Explanation:
Based on the information given in the question, the consolidated net assets will be calculated as:
= ($34,000 × 35) + $700,000 + $980,000
= $1,190,000 + $700,000 + $980,000
= $2,870,000
Therefore, the the consolidated net assets is $2,870,000.
Answer:
Short-run economics primarily affect price.
Explanation:
When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.