Answer: Is an example of money functioning as a UNIT OF ACCOUNT.
Explanation: Money is defined as an item of value between two or more parties used for the exchange of goods or services. It's various functions are; store of value, a unit of account, a medium of exchange.
Money as a unit of account is a measurement of value/cost of goods, services, or assets.
Answer:
short: 11,000 --> 1,320 income tax
long: 11,000 --> zero tax income
Explanation:
The capital gains are clasiffied as long.term gain once they were held for period of time of more than a year during the current holder.
Thus, the 13 month ago investment will be considered long term
while the other short term
the rate for short term is 12% at Samuel income bracket
while the long.term capital gain will not be taxed,
short term:
11,000 x 12% = 1.320
The answer to this statement is True goods and services can be easily balanced and purchased at certain prices and if needed the prices will increase
50) B - Per Capita Income
Answer:
Following are the affects of the above events on the SRAS curve
Explanation:
Increase in the price level will have no effect on the short-run supply curve, price level will only affect the long-run supply curve. Likewise, short-run supply curve will shift inwards due to the expected future price expectation. A price level that is currently higher than expected will also shift the short-run supply curve inwards. Increase in the price of an important raw material will shift the supply curve inwards because there is a shift in one of the important raw material. An increase in the labor force participation will increase and shift the short-run supply curve rightwards.
