Monetary policy is limited in its impact when Choose one or more: A. a recession is the result of decreased aggregate demand rather than decreased aggregate supply. B. people adjust their expectations of inflation. C. monetary policy is unexpected. D. changes in aggregate supply lead to lower real GDP.

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?