Answer: increase; decrease
Explanation:
Assuming that both curves are of the same steepness, when the demand increases slightly, it will shift slightly to the right which will increase prices. However, should the supply significantly reduce, it would shift the Supply Curve significantly to the left. The new Equilibrium will see a higher price and a lower Quantity.
Explaining it in the real world. If people are now demanding more of a good but at the same time the number of goods reduced, that would cause a price increase because too many people are chasing too few goods. Also, the Supply decreased which translates to a lower Quantity produced.
If however, both supply has decreased by the same rate demand increased, the price would go up but the effect on the quantity of the good will be uncertain.
Answer:
$30.61
Explanation:
Data provided in the question:
Annual Interest rate = 4% = 0.04
Since compounded monthly
Therefore,
Monthly interest rate, r = 0.04 ÷ 12 = 0.0033
Price per share = $30
Number of shares purchased = 100
Total value of shares purchased = $30 × 100
= $3,000
Therefore,
the amount borrowed = Total value of shares purchased
= $3,000
Amount to be paid after 6 months = Principle × ( 1 + r )ⁿ
= $3,000 × ( 1 + 0.0033 )⁶
= $3,060.50
Therefore,
The minimal value of S
= Amount to be paid after 6 months ÷ Number of shares
= $3,060.50 ÷ 100
= $30.605 ≈ $30.61
Answer:
Officially, the Great Recession lasted between December 2007 and June 2009, but it certainly seemed longer.
The economy crushed property and stock markets, destroyed $18.9 trillion of household wealth and destroyed over eight million jobs.
Explanation:
In December 2007, the Great Recession came to an end in June 2009, making the Great Recession the longest since World War II. The Great Recession was extremely extreme in a number of ways. Actual GDP decreased by 4.3% in 2009Q2, the biggest decline in the post-war era (based on the data of October 2013), as from its peak in 2007 Qu4. The figure was 4.3%. In December 2007, the unemployment rate was 5%, rising to 9.5% in June 2009 and a high of 10% in October 2009.
Simultaneously, the financial consequences of the Great Recession had outsized: the average home prices decreased by about 30 percent from the middle of 2006 to mid-2009, while the S&P 500 index decreased by 57 percent from its high in October 2007. Net values for US households and non-profit organizations dropped to $55 trillion in 2009, from a high of approximately $69 trillion in 2007.
Answer:
$121,363
Explanation:
The amount in 30 years is known as the Future Value (FV) . We arrive at this figure by compounding the Present Value using the interest earned on the savings as follows :
PV = $50,000
P/yr = 1
N = 30
PMT = $ 0
i = 3 %
FV = ?
Using a Financial calculator to enter the amounts as shown above, the FV can be determined as $121,363
This is false. When inflation happens, prices go up in the economy.
