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3 years ago

Inflation is defined as a rise in the general level of prices. When inflation occurs, the buying power of the dollar would:

Business

1 answer:

Anuta_ua [19.1K]3 years ago

5 0

<u>Answer:</u> the buying power of the dollar would: decrease.

<u>Explanation:</u>

Purchasing power means the amount of goods that can be bought with the given unit of money. The value of the dollar decreases when there is an inflation. Inflation reduces money value by raising the prices of the goods and services in the country.

Purchasing power can be compared with the salaries received 50 years ago and current salaries. Though the current salaries have increased the prices of the goods have also increased accordingly. Which can also be termed as increased cost of living.

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Harrison Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on

alex41 [277]

Answer:

$1,197.94

Explanation:

For determining the current dollar price we have to applied the present value formula which is to be shown in the attachment below:

Given that,

Future value = $1,000

Rate of interest = 5.7% ÷ 2 = 2.85%

NPER = (13 years - 1 years) × 2 = 24 years

PMT = $1,000 × 8% ÷2 = $40

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After applying the above formula, the current dollar price of the bond is $1,197.94

6 0

3 years ago

The distinction between supply and the quantity supplied is best made by saying that___________.

snow_lady [41]

Answer:

b. supply is represented graphically by a curve and quantity supplied as a point on that curve.

Explanation:

Qunatity supplied shows how qunatity of a product changes in response to changes in price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied. This shows that quantity supplied has a direct relationship with price.

Changes in quantity supplied is shown by movement along a supply curve.

Changes in supply is caused by other factors other than changes in price. Some of these factors are :

Changes in price of similar goods

Tax

Change in number of suppliers

Technological advancement

Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.

I hope my answer helps you

7 0

3 years ago

Kristen saved for over a year so that she could afford a trip to the super bowl if her favorite team won the title. she was exci

EleoNora [17]

Answer:

This is effort justification

Explanation:

Kristen is justifying the effort of going to the Superbowl. She is saying she had a good time even though her team lost and the game was boring.

5 0

3 years ago

Suppose you and a classmate are playing a game where your classmate proposes a division of $1.00. Then, you either accept or

pochemuha

Answer: The correct answers are "A. Accept" and "$ 0.01".

Explanation: Given that we talk about optimal strategy when maximizing the expected profit by the player:

In the first case It is convenient to accept the proposal and keep $ 0.12, instead of rejecting it and running out of nothing.

And in the second case it is convenient to give the classmate as little as possible so that he accepts and we have a greater profit.

4 0

3 years ago

When is 72 hours from now?

erica [24]

Answer:

the answer is 3 days later

Explanation:

6 0

3 years ago

Read 2 more answers