Answer:
We can conclude from this information about the income effect and substitution effect of a wage for Daniel is that before he earned 67$ per hour and was working 45 hours a week and then he changed to 77$ an hour and started working 40 hours a week. So with that being said that he makes more money now that he changed to 77$ an hour for 40 hours a week
Explanation:
Because if you do Multiply 65$ X-times 45hourly. You get 2,600. But if you multiply 77$ X-times 40hourly. You get 3,080
Answer:
False
Explanation:
Buyers and Sellers do not physically see each other
Answer:
A
Explanation:
Going by the above scenario, federal policymakers could follow Keynesian economics and restrain inflation by reducing government spending by $200 billion.
Cheers
Answer:
d. debit Retained Earnings, $3,000; credit Dividends, $3,000.
Explanation:
The journal entry to close the dividend account should be
Retained earnings Dr $3,000
To Dividend $3,000
(being the closing of the dividend account is recorded)
here the retained earning is debited as it decreased the stockholder equity and dividend is credited as it is closed