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dimulka [17.4K]
3 years ago
11

The mainstream view among economists is that a. no tradeoff exists between unemployment and inflation, either in the short run o

r in the long run. b. society faces a tradeoff between unemployment and inflation, but only in the short run. c. society faces a tradeoff between unemployment and inflation, both in the short run and in the long run. d. society faces a tradeoff between unemployment and inflation, but only in the long run.
Business
1 answer:
4vir4ik [10]3 years ago
3 0

Answer:

b. society faces a tradeoff between unemployment and inflation, but only in the short run

Explanation:

Mainstream economics follows rational choice theory, which assumes that individuals make decisions that will maximize their own utility, and uses statistics and mathematical models to demonstrate theories and evaluate various economic developments.

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A surplus of a product will arise when price is above equilibrium with the result that quantity demanded exceeds quantity suppli
zhenek [66]

A surplus of a product will arise when price is, above equilibrium, with the result that quantity supplied exceeds quantity demanded.

<h3>What will a surplus of a product lead to?</h3>

The amount of utility or value that consumers and producers receive as a result of transactions is referred to as surplus in economic theory. Karl Marx explicitly theorized the economic idea of surplus product in his critique of political economy.

When the amount supplied exceeds the amount required, there is an excess supply, which is known as a market surplus. Consequently, some producers won't be able to sell all of their products. To make their goods more appealing, they will be compelled by this to reduce its price. Every producer and consumer in an economy seeks to increase excess in order to increase utility.

To learn more about surplus, visit:

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8 0
9 months ago
One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% o
lara31 [8.8K]

Answer:

Raw material purchases (in pounds) 20,275

Explanation:

The computation of the purchase of raw material made for February month is shown below:

Production in Units         20,600    

Multiplied by Raw material needed per unit (in pounds) 1    

Total raw material required (in pounds) 20,600    

Add: closing Inventory (25% of 19300 pounds) 4,825    

Less: Opening Inventory (25% of 20600 pounds) 5,150    

Raw material purchases (in pounds) 20,275

5 0
3 years ago
The following transactions apply to Pecan Co. for 2018, its first year of operations:1. Received $100,000 cash in exchange for i
tankabanditka [31]

Answer:

Pecan Co.

a. Accounting equation: Assets = Liabilities + Equity

Assets: Cash ($100,000 + 300,000 - 100,000 - 150,000 - 69,292) + Land ($100,000) + Accounts Receivable ($260,000) = Liabilities: Bank Loan ($245,708) + Equity: Common stock ($100,000) + Retained Earnings ($260,000 - 150,000 - 15,000)

b1: Income Statement

Service Revenue       $260,000

Operating expenses    150,000

Interest expense            15,000

Net income                  $95,000

Balance Sheet

Cash                                 $80,708

Accounts Receivable      260,000

Land                                 100,000

Total assets                  $440,708

Bank Loan                    $245,708

Common stock               100,000

Net income                      95,000

Total liabilities+equity $440,708

b2. The interest expense for 2019 is $15,000 ($300,000 * 5%)

The interest expense for 2020 is $12,285.40 ($300,000 +15,000 - 69,292) * 5%.

Explanation:

a) Data and Calculations:

Cash $100,000 + 300,000 - 100,000 - 150,000 - 69,292 = $80,708

Accounts Receivable $260,000

Land $100,000

Common stock $100,000

Bank Loan $300,000 + 15,000 - 69,292 = $245,708

Service Revenue $260,000

Operating expenses $150,000

Amortization Schedule, using an online financial calculator:

Beginning  Interest              Principal Ending

           Balance                                                       Balance

1 $300,000.00 $15,000.00 $54,292.44 $245,707.56

2 $245,707.56 $12,285.38 $57,007.06 $188,700.50

3 $188,700.50 $9,435.02 $59,857.41 $128,843.08

4 $128,843.08 $6,442.15 $62,850.29 $65,992.80

5 $65,992.80 $3,299.64 $65,992.80 $0.0

6 0
3 years ago
The Lady Eagles won 70% of their 30 basketball games this season How many games did they win?
Nitella [24]
They won 21 out of their 30 basketball games.
5 0
3 years ago
Read 2 more answers
When a dividend is not declared on preferred stock, and the common share­holders cannot receive a dividend until all past and cu
Lady_Fox [76]

Answer:

cumulative.

Explanation:

Cumulative preferred stock is defined as a type of stock that states that if any dividend payments have been missed the first payment of the owed dividends must be done to cumulative preferred shareholders in first instance

4 0
3 years ago
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