The City of South Dundee budget for the fiscal year ended June 30, 2017, included an appropriation for the police department in the amount of $8,702,000. During the month of July 2017, the following transactions occurred (in summary): Purchase orders were issued in the amount of $526,000. Of the $520,000 in purchase orders, $486,000 were filled, with invoices amounting to $481,000. Salaries, not encumbered, amounted to $293,000. A budget appropriations reduction in the amount of $53,000 was approved by the city council. Prepare an appropriations, expenditures and encumbrances ledger for the police department for the month of July.

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.