The long-run aggregate supply curve is: a. horizontal because full employment output is independent of the price level. b. upward sloping because the economy grows over time. c. downward sloping because rising prices reduce real wealth and spending. d. vertical because full employment output is independent of the price level. e. upward sloping because as the price level rises, firms will increase output.

The following information relates to wagner, inc.: advertising costs $ 18 comma 600 administrative salaries 17 comma 800 delivery vehicle depreciation 1 comma 500 factory repair and maintenance 600 indirect labor 10 comma 000 indirect materials 18 comma 000 manufacturing equipment depreciation 3 comma 000 office rent 58 comma 000 president's salary 1 comma 100 sales revenue 600 comma 000 sales salary 5 comma 200 how much were wagner's period costs

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?