Answer:
c rational expectations were held by most of the public.
Explanation:
Classical economists only focused on the long run goals. the problem is that Ricardo and Smith are still waiting for the long run to show up. Theoretically, classical economics are great, but they failed miserably in the real world. The problem is that it is based on the assumption that human beings are rational and that they will always act rationally, regardless of what is going on. For example, even if you are fired, classical economists say that your expenses should not decrease. But on the real world, if you are fired, the money you have decreases and so will your expenses.
Explanation:
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Answer:
a. adds $10,000 in bank reserves.
Explanation:
Given that
Reserve requirement is 20%
Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves
Therefore as per the given situation, the option a is correct
And, the same is to be considered
Thus, all the other options are incorrect
C. A board of directors :)
Answer:
$55,000
Explanation:
The operating income of any entity can be calculated using the following formula:
Operating income=Net income+ income tax expense+ finance cost- other revenues
Net income in this question=$42,000
Income taxes=$18,000
finance cost=0
Other revenues=$5000
Operating income=$42,000+$18,000+0-$5000=$55,000
The operating income of any entity can also be calculated using the following formula:
Operating income=Revenues-operating costs
=$100,000-$45,000=$55,000
