People often have different expectations. If people have rational expectations, the sacrifice ratio could be much smaller than suggested by the short-run Phillips curve is a false a statement.
- The sacrifice ratio is said to be smaller than suggested by former estimates. The short-run phillips curve will ten to shift downward and the economy would reach low inflation very fast.
Rational expectations is known to be an economic theory. It simply states that when making decisions, individual agents will capitalize their decisions on the information that is best and available and they also learn from past trends.
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Answer:a. an upward-sloping short-run aggregate supply curve
Explanation:
variable a represent an upward sloping short run aggregate supply curve.
The slope of the supply curve is positive which tells us that the quantity supplied has a positive relationship with Price.When price increases the quantity supplied will increase because the law of supply states that more quantity is supplied at a higher price
Answer:
$0
Explanation:
Alfred paid in premiums = $18,300
company paid Alfred = $125,000
Alfred died after 18 months, then,
Company collected the face amount of the policy = $150,000
Sale of policy = [ company compensation - premium paid]
= $125,000 - $18,300
= $106,700
In this situation, Alfred receives the submission price from the insurance company consequential in profit.
There is no gain in the income of the insurance policy that is purchased by the Alfred for the long term.
That's why he is not required to include the amount of sale of policy i.e. $106,700.
Hence, Alfred required to include in his gross income will be zero ($0).
Answer:
Chapter 7 bankruptcy
Explanation:
Chapter 7 bankruptcy is the most common type of bankruptcy filing and it can be filed by individuals, partnerships or corporations (anyone can do it). It is also the quickest and simplest form of bankruptcy filing. But if you are an individual, in order to qualify for Chapter 7 bankruptcy you must earn less than the median state income. Many people choose Chapter 7 bankruptcy since they can get to keep all or almost all of their property.
