The inflation rate is 8 percent, and the central bank is considering slowing the rate of money growth to reduce inflation to 4 percent. Economist Darnell believes that expectations of inflation change quickly in response to new policies, whereas economist Jacques believes that expectations are very sluggish. Economist Felix is more likely to favor using contractionary policy to reduce inflation than economist Carlos.

a. True
b. False

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)