On April 1, Griffith Publishing Company received $1,548 from Santa Fe, Inc. for 36-month subscriptions to several different maga
zines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period?
The political pundit is using job as it's point of argument because it affects many things like it could cause poverty, increased rate of crime because of loss of job by citizens due to high inflow of foreign tires at a lower cost compared to domestic tire cost.
The answer is "In the <u>classical</u> view, there are ample loanable funds available at the current interest rate. When G increases, no crowding out occurs, interest rates do not rise, and aggregate expenditures rise by the full amount of G."
In the classical view, the capital market will find the balance between the demanded investment quality and the supplied savings one itself. However, in the Keynesian view, for example during a recession, government spending (G) will increase and there will be a competition to acquire available capital supply, that leads to the crowding out occurs and the general interest rate increases.
The income effect is the effect on real income when price changes - it can be positive and negative. As price falls, and assuming nominal income is constant, the same nominal income can buy more of the good - hence demand for this (and other goods) is likely to rise.
The substitution effect is the economic understanding that as prices rise — or income decreases — consumers will replace more expensive items with less costly alternatives.
The correct answer is A. about one-half inch away from the
left side. This is the format followed in listing down entries of account
titles for better readability. This is one way of highlighting the account
title column and give emphasis on the accounts falling under the debit category.