For each of the following events, state
1) whether there is movement along the MP curve or a shift, and
2) the direction of the shift or movement along if there is one. Recall that a ``movement along'' the MP would occur if it's the IS curve that shifts.

a) The Fed decreases the target federal funds rate

Shift Up of the MP Curve

b) The real GDP Increases

Movement Along the MP Curve – to the Right

c) Government spending decreases

Movement Along the MP Curve – to the Left

d) Lending institutions begin to charge a higher default risk premium

Shift Down of the MP Curve

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?