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3 years ago

All of the following are arguments against an explicit inflation targeting rule for monetary policy except:

Business

1 answer:

White raven [17]3 years ago

3 0

Answer:

C. An explicit target is easier to understand by households and firms which makes monetary policy more transparent.

Explanation:

Explicit inflation targeting is a monetary policy used by central banks to check inflation rate is under control for medium term. However, critics target this policy as they believe that instead central bank should have monetary policy for long term inflation control and economic growth for long term. Product price targeting or nominal income targeting would create more economic stability.

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The team act was introduced in congress to explicitly outlaw labor-management committees that do not seek to negotiate collectiv

liberstina [14]

The statement above is TRUE.
The TEAM Act was enacted by the congress in 1995 in order to exclude labor management committee which are not interested in collective bargaining agreements. The Act allows employees and managers to address matters of mutual interests.

5 0

3 years ago

Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling o

kiruha [24]

Answer: Hi your question is incomplete attached below are the missing details

answer :

A) 16 used DVDs

B) i) $18

ii) $6

iii) $8

Explanation:

A) Determine the weekly shortage of used DVDs due to ceiling price = $11

shortage = Quantity demanded ( H ) - Quantity supplied ( F )

at ceiling price of $11 ; quantity demanded = 20 , Quantity supplied = 4

= 20 - 4 = 16 used DVDs

B) i) New consumer surplus = ADLK

ADLK = ∠ ABK + BKLD

= 1/2 * 4 * 1 ) + ( 15 - 11 )*4 = $18

ii) New producer surplus = DLE

DLE = 1/2 * 4 * ( 11-8 )

= $6

iii) Total economic surplus lost

ΔKJL = 1/2 ( 8 - 4 ) * ( 15 - 11 )

= $8

6 0

3 years ago

Claxton Company purchased a van on January 1, 2018, for $820,000. The estimated life of the van was five years, and its estim

vaieri [72.5K]

Answer:

The depreciation expense for 2020 is $215,100

Explanation:

Given

Claxton Company purchased a van on January 1, 2018, for $820,000.

Useful life = 5 years

Residual value = $103,000

Annual depreciation = ($820,000- $103,000)/5

= $717,000/5

= $143,400

At the beginning of 2020, the asset would have been depreciated for 2 years (2018 and 2019)

Net book value = $820,000 - 2($143,400)

= $533,200

Since the residual value remains the same after a revision of the estimated useful life from 5 years to 4 years

The asset would only have 2 years left for depreciation.

Annual depreciation = ($533,200 - $103,000)/2

= $430,200/2

= $215,100

5 0

3 years ago

A subtle form of racial discrimination in housing is "racial steering." racial steering occurs when real estate agents show pro

Olenka [21]

B. H0 : There is no association between race and the section of the apartment complex.
H A: There is an association between race and the section of the apartment complex.

Find the χ2 statistic
Solution
The formula for calculating χ2 statistic is given by ;
χ2∗ =∑(Oi−Ei)2/Ei, where Oi and Ei is the i^th observation and the i^th expected count
From the given data calculated the expected count using the formula; E = (row total *column total)/sample size

χ2 = 7.104439336,
χ2 = 7.104 (rounded to 3 decimal .places)

The P-value is;
Degrees of freedom = (2-1)*(2-1) = 1, χ2 = 7.1044
P-value from chi-square calculator is 0.007689

3 0

3 years ago

A company uses a process cost accounting system. Its Sewing Department's beginning inventory consisted of 50,000 units (1/4 comp

Mandarinka [93]

Answer:

B Direct Materials 210,000; Conversion Cost 180,000

Explanation:

beginning inventory 50,000

start and finished 120,000

Complete and trasnferred-out 170,000

Convesion Cost:

Coplete and transferred-out 170,000

Ending Inventory 40,000 x 1/4 = 10,000

CC equivalent units 180,000

DIrect Materials

Coplete and transferred-out 170,000

Ending Inventory 40,000x100% = 40,000

DM equivalent units 210,000

Under W-A method we justdiscriminate on transferred-out and ending work in process.

We don't do the difference between started and finished and beginning inventory.

8 0

3 years ago