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Majestic Manufacturing sold Jordans Furniture a living room set for an $8,500 list price with 35% trade discount. The $100 freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was May 30. Jordans received the goods on July 18 and paid the invoice on July 20. What was the final price (include cost of freight) of the living room set?
Explain 3-ways in which Federal Reserve can change the money supply. If the Federal Reserve is going to adjust all of these tools during an economy that is increasing too quickly.
The U.S. labor force includes (though not necessarily exclusively): those who are unemployed all able-bodied adults in the economy all able-bodied teens and adults in the economy only those who are working as many as 10 hours per week only those w..
The average retail price of the cookbooks will be $30, and their average cost will be $20.Assume that the equation for demand is Q = 40,000 500P, where
Describe how the conditions of covered interest parity and uncovered interest parity are reached, and indicate the implications of the analysis for the prediction of the future spot rate.
Provide a detailed analysis of the policies that the government could use to increase the living standards of the people.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
Explain why the general level of wages is high in the United States and other industrially advanced countries. What is the single most important factor underlying the long run increase in average real wage rates in the United States
The market for chicken sandwich, considered a normal good, is in equilibrium. Analyze the effect of the following events on equilibrium price and equilibrium quantity of chicken sandwich.
Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable money supply and slow, steady technological progress in TV production, while Russia has very rapid growth in the money..
As the United State dollar appreciates in value relative to the Japanese Yen, what happens to the price of United State goods in Japan? What happens to the price of Japanese goods in United State?
Microeconomics is suppose to be the study of scarce resources. Here, consumers [both individuals and organizations] must make allocation decisions. These 3-basic trade offs include which goods or services are to be manufactured,
Explain what is the effect on the exchange rate of an increase in the country's money supply according to the asset market or portfolio approach and in what ways does it differ from the monetary approach?
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