On March 15, Complete Computer Service purchased a $25,000 building in exchange for a notes payable. The journal entry to record this transaction would be: ANSWER Unselected Date Accounts Debit Credit Building 25,000 Notes Payable 25,000 Unselected Date Accounts Debit Credit Notes Payable 25,000 Building 25,000 Unselected Date Accounts Debit Credit Cash 25,000 Building 25,000 Unselected Date Accounts Debit Credit Building 25,000 Cash 25,000

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.