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Gre4nikov [31]
3 years ago
13

Economists have remained skeptical of the argument that the​ short-run Phillips curve is vertical for all of the following reaso

ns​ except: A. workers and firms may not have rational expectations. B. workers and firms may have long term contracts. C. workers and firms may not be able to accurately use information from the Fed. D. workers and firms may adjust prices and wages quickly.
Business
1 answer:
Harlamova29_29 [7]3 years ago
5 0

Answer: A- Workers and Firms May not have rational expectations.

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Agreement and disagreement among economists
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Answer and Explanation:

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Units of production data for the two departments of PacificCable and Wire Company for November of the current fiscal year areas
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Answer:

Answer for the question;

Units of production data for the two departments of PacificCable and Wire Company for November of the current fiscal year areas follows:

Drawing Department Winding Department

Work in process, November 1 7,400 units, 45% completed 3,700 units, 65% completed

Completed and transferred to next

processing department during November 101,400 units 100,100 units

Work in process, November 30 5,600 units, 75% completed 5,000 units, 30% completed

a. If all direct materials are placed inprocess at the beginning of production, determine the directmaterials and conversion equivalent units of production forNovember for the Drawing Department. If an amount is zero, enter in"0".

Drawing Department

Direct Materials and Conversion Equivalent Units ofProduction

ForNovember

Whole Units Direct Materials

Equivalent Units Conversion

Equivalent Units

Inventory in process, November 1

Started and completed in November

Transferred to Winding Department inNovember

Inventory in process, November 30

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b. If all direct materials are placed inprocess at the beginning of production, determine the directmaterials and conversion equivalent units of production forNovember for the Winding Department. If an amount is zero, enter in"0".

Winding Department

Direct Materials and Conversion Equivalent Units ofProduction

ForNovember

Whole Units Direct Materials

Equivalent Units Conversion

Equivalent Units

Inventory in process, November 1

Started and completed in November

Transferred to finished goods inNovember

Inventory in process, November 30

Total

is given in the attachment.

Explanation:

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3 years ago
During 2016, Frank Company incurred $200,000 in legal fees in defending a patent with a carrying value of $3,500,000 against an
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Assume a perfectly competitive constant-cost industry is initially at long-run equilibrium. Now suppose that a decrease in marke
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The correct answer will be option B.

Explanation:

A decline in the market demand will cause the demand curve to shift to the left. This leftward shift in the demand curve will lead to a decrease in the price as well as quantity. As the price of the commodity decline, the supply will get reduced as well. This is because supply and price are directly related.  

A reduction in supply will cause the supply curve to shift to the left. This leftward shift in the supply curve will cause an increase in the price until it reaches the initial level.

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