Question 3: True, False, Uncertain (2 pts each) Note: NO credit is given for your response true, false or uncertain. You must give your reasoning. a) TFU: In the Solow growth model, a higher savings rate is a good way to get higher GDP and higher GDP growth. b) TFU: The Solow growth model tells us that a flood of immigrants will, in the long run, raise interest rates and reduce wages. c) TFU: In world in which absolute convergence applies, absolute convergence implies that the dispersion of income per person will converge towards zero.

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?