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3 years ago

4. Why do economists discourage printing more currency during a crisis? (4 points)

Business

1 answer:

Marrrta [24]3 years ago

3 0

Answer: The reason is that printing more money doesn't increase economic output in any way.

Explanation:

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The purpose of a memo is to _____.

Alenkasestr [34]

The purpose of a memo is to communicate directions, advice, or information.

3 0

3 years ago

Five years ago, Alicia invested $10,000 at 5% interest. How much less money would she have today if she had invested the money a

Strike441 [17]

Answer:

$596.29 less

Explanation:

A = P(1+r)^n

P = $10,000

n = 5 years

If she invested at 5%, r = 5% = 0.05

A = 10,000(1+0.05)^5 = 10,000 × 1.05^5 = $12762.82

If she invested at 4%, r = 4% = 0.05

A = 10,000(1+0.04)^5 = 10,000 × 1.04^5 = $12166.53

Amount of money she would have less if she invested at 4% instead of 5% = $12762.82 - $12166.53 = $596.29

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4 years ago

The following transactions are July activities of Bill’s Extreme Bowling, Inc., which operates several bowling centers. a. Bill'

maria [59]

Answer:

repair expense 1,500 debit

cash 1,500 credit

--to record repair expense in the building--

utilities payable 2,000

cash 2,000

--to record the payment of June utilities--

utilities expense 2,500

utilities payable 2,500

-to record the accrued utilities of July--

wages expense 5,475 debit

wages payables 5,475 credit

--to record payment to employees--

Explanation:

We will follow the debit = credit rule.

The expenses will be always posted on the debit side Therefore, the other account are forced to go into credit to balance the entry.

Also, when cash is used to pay something, our cash available decrease thus, we have a decrase in an asset that is recorded under credit

for the other entries we are asumingthe acrual of an expense, whch generates the later obligaion to pay it. Hence, we recongize a liablity which is credited.

7 0

4 years ago

Amber wants to open an account, but she doesn't know which kind is appropriate. She is interested in earning a higher interest r

Tanzania [10]

Answer:

money market fund

Explanation:

Based on the information provided within the question it can be said that the kind of account that Amber should open is a money market fund. The reason being that this is a fund that has a small time of maturity (usually 13 months) and since it includes investments that are low risk but with high rewards such as cash equivalent securities. Since this is exactly what Amber is looking for then we can say that this is the account that she should open.

5 0

4 years ago

Suppose Antonio and Caroline are playing a game in which both must simultaneously choose the action Left or Right. The payoff ma

ladessa [460]

Answer:

Caroline to choose right

Antonio chooses left and Caroline chooses right.

Explanation:

Interpreting the payoff matrix:

Both choose right:

Antonio receives 3, Caroline receives 7

Both choose left:

Antonio receives 4, Carolina receives 6

Caroline chooses left, Antonio chooses right:

Antonio receives 7, Caroline receives 5

Caroline chooses right, Antonio chooses left:

Antonio receives 6, Caroline receives 8

As we can see, Antonio only has a better payoff then Caroline if she chooses left and he chooses right. Therefore, the dominant strategy is for Caroline to choose right, this way she will always have the greater payoff.

If Antonio chooses right, the outcome may alter depending on the outcome, therefore it is not a Nash Equilibrium. However, if Antonio chooses left, no matter what Caroline chooses, she will have the greater payoff. At the same time, if Caroline chooses right, Antonio cannot change the outcome by changing his strategy. Therefore, the outcome reflecting the unique Nash equilibrium in this game is as follows: Antonio chooses left and Caroline chooses right.

8 0

4 years ago