Accounts Payable had a balance of $18,220 at the beginning of the month. During the month, three debits in the amounts of $4,680, $11,280, and $14,780 were posted to Accounts Payable, and three credits in the amounts of $3,620, $9,520, and $12,720 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account?

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.