Hey there!
The idea of that perfect medium between two extremes was an Ancient Greek idea by someone who was considered one of the greatest thinker or philosopher to ever live. He questioned many ideas and created many of his own that we still use today. His name was Aristotle.
This golden mean, as it was called, was between two large extremes, like humble and modesty, or smart and uninformed. You had to get that golden mean in order to be successful. To the Greeks, this was good news. The ancient Greeks used math as proof there was a God, and another example of proportionality leading to good certainly caused them pleasure.
For example, if you have a lot of things at home, the two extremes would be giving them all away, or keeping them all. You could keep some and give some, and that would the appropriate golden mean.
Hope this helps!
During a period of inflation the government will most likely employ the following technique to stabilize the economy: raise government spending.Government may decide to increase government spending as a result of a recession. The increase in government spending or a decrease in taxation is an expansionary fiscal policy.
Answer:
The answer is option (b) $60.75
Explanation:
Solution
Given that
A certain economy, Income is =$100
Consumer spending is =$60
The value of multiplier is =4
Now we need to know when the income is $101, consumer spending, the customer spending will be what?
Now,
Multiplier (k)= 1/1-MPC (marginal propensity to consume)
4=1/1-MPC
Thus
MPC= 1-1/4
MPC=3/4
MPC=.75
So,
MPC= Change in consumption/change in income.
.75=Change in C/101-100
Change in C=.75*1
Change in C=.75
Hence
The new consumption =60+.75=60.75
Therefore, when the income is $101, the consumer spending is $60.75
Answer:
a) Adjustment of (16,000) in the Operating Section
Explanation:
The adjustment required in the operating activities section of the cash flow statement is shown below:
Loss of sale of equipment $30,000
Less: Gain on sale of debt investment -$46,000
The net deduction is $16,000
Since there is a loss on sale of an equipment so the same is to be added back and there is a gain on sale of investment with respect to debt so the same is to be deducted
hence, the correct option is a.
