The rational expectations theory is a concept and theory used in macroeconomic.
what is rational expectations theory?
- The rational expectations theory could be a concept and modeling method that's utilized broadly in macroeconomics.
- The hypothesis sets that people base their choices on three essential variables: their human judiciousness, the data accessible to them, and their past experiences.
- The theory proposes that people’s current expectations of the economy are, themselves, able to impact what long-term state of the economy will gotten to be.
- This statute contrasts with the thought that government arrangement impacts monetary and financial decisions.
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Answer:
1. a. 4.081%
2. c. $23,536.36
Explanation:
1. Periodic rate=(4.4%/4) = 1.1%
EAR=(1+APR/m)^m-1
where m=compounding periods
= (1+0.044/4)^4-1
= 1.011^4 - 1
= 1.04473133864 - 1
= 0.04473133864
= 4.47%
EAR=(1+APR/m)^m-1
where m=compounding periods
=(1+0.04/365)^365-1
= (1+0.00010958904)^365 - 1
= 1.00010958904^365 - 1
= 1.04080849272 - 1
= 0.04080849272
= 4.081%
2. A=P(1+r/365)^365*n
where A=future value, P=present value, r=rate of interest, n=time period.
= 22000*(1+9%/365)^(9/12*365)
= $23,536.36
Answer:
Marginal product
Explanation:
There would be an increase in the marginal product of labour. more workers would result in more specialization in skilled areas. As workers increase, it is expected that work done would rise also.
Such that a time would come when the workers would be enough and no more gains would be accrued from specialization. We refer to this as the point of diminishing marginal product. capital would be fixed such that as more workers are used capital declines for each worker.
Answer:
In the labor market the supply shifts to the right; and the demand remains the same.
Explanation:
Employees offer labor; they supply the labor market. And employers request labor; they demand labor. The labor prices are wages and the quantity is the labor quantity (shown in the figure attached).
First, the labor market was at equilibrium in point A. After the immigrant inflow, there is more people who wants to offer labor, this will lead to an increase in the labor supply. In the labor demand and supply graph, the supply curve will shift to the right. The new equilibrium is represented by point B. There is no change in demand because in the short run immigrants will represent more people who wants jobs, in the long run maybe some of those immigrants will create firms that will demand labor.
Answer:
E. When performance of an activity or process reaches "Six Sigma quality," there are not more than ten defects/errors per million iterations
Explanation:
Six sigma is a quality management practice aimed at improving processes, products, and services by identifying and removing defects. Process streamlining and elimination of defects in business and manufacturing is the aim of Six Sigma.
The allowable defects in when a process reaches Sigma Six quality is 3.4 defects per 1 million iterations.
So the statement - When performance of an activity or process reaches "Six Sigma quality," there are not more than ten defects/errors per million iterations.
Is false
