Sherman Corporation had January 1 and December 31 balances as follows. 1/1/20 12/31/20 Inventory $111,000 $128,000 Accounts payable 70,000 77,000 For 2020, cost of goods sold was $278,000. Compute Sherman’s 2020 cash payments to suppliers.

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.