According to lucas and sargent, workers and firms have rational expectations, and therefore if the fed pursues an expansionary monetary

a. agents will cause an decrease in the natural rate of unemployment.
b. agents will cause an increase in the natural rate of unemployment.
c. agents will not change their expectations.
d. agents will immediately adjust their expectations of inflation up.

Accublade castings inc. casts blades for turbine engines. within the casting department, alloy is first melted in a crucible, then poured into molds to produce the castings. on may 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. the work in process balance for these 230 pounds was $32,844, determined as follows: exercises during may, the casting department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. factory overhead is applied to the department at a rate of 150% of direct labor. the department transferred out 2,530 pounds of finished castings to the machining department. the may 31 inventory in process was 44% complete as to conversion. prepare the following may journal entries for the casting department: the materials charged to production the conversion costs charged to production the completed production transferred to the machining department determine the work in process"casting department may 31 balance.

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots