Answer:
Inflation simply explained is the increase in the prices of items over time. A higher inflation means higher rise in prices. In this case if the inflation rate is greater than the expected inflation rate (5% instead of 3%), the actual real wage will be less than $25.60.
The unemployment rate will decrease as workers have been relatively cheaper and the firms will also gain from the excess supply of cash due to unexpected higher inflation, and firms will higher more.
There will not be a trade off between inflation and unemployment if workers are able to perfectly adjust their inflation expectations.
Answer:1000
Explanation:
Equipment decreases $6000 ($10000-$4000). Accumulated depreciation decreases $9000 ($22000+4000-$17000). $10000 cost -$9000 accumulated depreciation = $1000 cash received from sale.
Answer:
a. Imports
b.Exports or Consumption
c. Consumption
d. Government Spending
e. Consumption.
Explanation:
a. if Gilberto buys Italian wine in the US that is part of consumption spending because the store that Gilberto buys from already imported the wine from Italy and paid all the costs that go with it but if Gilberto orders the wine from Italy that will be part of imports because the wine will have to be imported then have all those importing costs on it.
b. Juanitas father will be exporting the syrup if its from the US even though he might buy it online as he lives in Sweden .
c. Juanita will be part of consumption spending for goods and services as this will be part of the US GDP consumption spending.
d. This is part of government purchases as the government will spend on everything that includes repaving the high way.
e. Consumption spending because they are manufactured in the US and they are in the US therefore its part of the US purchases of goods and services.
