Answer:
It illustrates that the classical model of the price level best applies to economies with persistently high inflation.
Explanation:
When a very low inflation rate has been constant in an economy, and the money supply increases suddenly, in the short run that change will not immediately increase the inflation rate, but instead it will increase real output.
Classical economists argue that an increase in the money supply will immediately affect the inflation rate, but that theory applies mostly to economies that have a certain level of inflation. For example, for the past 12 years, European nations have been experiencing very low inflation rates, sometimes even negative rates. But during that same period, the European Central Bank has carried on a huge expansionary policy. It favored economic growth, although not as much as expected, but it didn't skyrocket inflation rate as the classical economy model predicted.
Answer:
$55,300
Explanation:
Calculation to determine what The net income for December would be:
NET INCOME FOR DECEMBER
Revenue $327,000
Less cost of goods sold ($228,900)
(70%*$327,000)
Gross profit $98,100
($327,000-$228,900)
Less Depreciation ($17,400)
Less Operating expenses ($25,400)
Net Income $55,300
Therefore The net income for December would be:55,300
Resume, school transcript, professional certifications, awards, memberships in professional organizations. Letters of recommendation, "thank you" notes, newspaper/website articles about you.
Answer is 67.
As, 6+ 7
= 13
Also, when 67 is interchanged(76), the original no. is increased by 9.
Answer:
Selling price= $172.8
Explanation:
Giving the following information:
Manufacturing costs to be $ 240.00 per air conditioner
Consisting of 60% variable costs and 40% fixed costs.
Selling price= 20% markup to full costs.
Because it is a special offer and there is unused capacity, we will not take into account the fixed costs:
Unitary cost= 240*0.6= $144
Selling price= 144*1.2= $172.8
