Business, 21.04.2020 23:42 karla21pilots

He classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Kate spends all of her money on paperback novels and mandarins. In 2015, she earned $14.00 per hour, the price of a paperback novel was $7.00, and the price of a mandarin was $2.00. Which of the following give the nominal value of a variable? Check all that apply. Kate's wage is $14.00 per hour in 2015. The price of a mandarin is $2.00 in 2015. Kate's wage is 2 paperback novels per hour in 2015. Which of the following give the real value of a variable? Check all that apply. Kate's wage is 7 mandarins per hour in 2015. The price of a paperback novel is 3.5 mandarins in 2015. Kate's wage is $14.00 per hour in 2015. Suppose that the Fed sharply increases the money supply between 2015 and 2020. In 2020, Kate's wage has risen to $28.00 per hour. The price of a paperback novel is $14.00 and the price of a mandarin is $4.00. In 2020, the relative price of a paperback novel is . Between 2015 and 2020, the nominal value of Kate's wage , and the real value of her wage . Monetary neutrality is the proposition that a change in the money supply nominal variables and real variables.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:20

You wish to buy a cabin in 15 years. today, the cabin costs $150,000. you believe the price of the cabin will inflate at 4% annually. you want to invest a single amount of money (lump sum) today and have the money grow to equal the future purchase price of the cabin 15 years from now. if you can earn 10% annually on your investments, how much do you need to invest now, in order to be able to purchase the cabin?

Answers: 3

Answer

Business, 21.06.2019 21:00

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f.o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f.o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f.o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f.o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f.o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

Answers: 1

Answer

Business, 21.06.2019 22:50

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Answers: 2

Answer

Business, 22.06.2019 03:30

Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.

Answers: 2

Answer

You know the right answer?

He classical dichotomy is the separation of real and nominal variables. The following questions test...

Questions