Nominal wage - Study guides, Class notes & Summaries
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Accounting 101 Final Exam With 100% Correct Answers 2023
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What is accounting? - Correct answer-the action or process of keeping financial 
accounts 
revenues - Correct answer-inflows of assets resulting from the sale of goods and 
services 
expenses - Correct answer-outflow of assets resulting from the sale of goods and 
services 
internal user - Correct answer-managerial accounting 
external user - Correct answer-financial accounting 
who is responsible for GAAP - Correct answer-FASB 
accounting equation - Correct answer-assets = liabilities + owners ...
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UC Berkeley Econ 100B UGBA 101B Final Exam 2024.
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UC Berkeley Econ 100B UGBA 101B Final Exam 2024. 
 
Rising inflation has no additional effect on an economy's well-being if: - correct answer Relative prices are unaffected, It is universally and accurately anticipated, The nominal rate of interest for both savers and borrowers rises by an amount just equal to the rate of inflation. 
 
Unanticipated increases in inflation will hurt ________ and help ________. - correct answer pensioners; borrowers 
 
"Shoe-leather costs" refer to: - correct a...
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INTERMEDIATE MACROECONOMICS (ECON 302) 1ST TRIMESTER 2012 Latest Verified Review 2023 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score A+
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INTERMEDIATE MACROECONOMICS (ECON 302) 1ST TRIMESTER 2012 
Latest Verified Review 2023 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score A+ 
Question One 
•	Assume two good economy which produces good A and B. 
 	2006 	2007 	2008 
 	P 	Q 	P 	Q 	P 	Q 
Good A 	30 	900 	31 	1000 	36 	1050 
Good B 	100 	192 	102 	200 	100 	205 
NB: Prices in US dollars. 
Required: 
•	Compute nominal GDP in each year. 	 	 	 	 	...
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ECS2602 - ASSIGNMENT 3 - SEMESTER 2
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Question 1 of 15 
 
This question is based on the following diagram of an IS-LM model for an open economy 
 
A decrease in government spending causes ... 
A.	a decrease in the demand for goods and the level of output; a decrease in the demand for money and the interest rate; a depreciation of the domestic currency and the trade balance deteriorates as exports increases. 
B.	a decrease in the demand for goods and the level of output; a decrease in the demand for money and the interest rate; a de...
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AP Macroeconomics Formulas & Equations Questions And Answers
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AP Macroeconomics Formulas & Equations 
Questions And Answers 
Inflation rate = ((CPI this year − CPI last year)) × 100 
Amount in today's dollars = (amount in year T dollars) × ((price level today) / (price level 
in year T)) 
Real Wage = (Wage / unit of time) / (Price / unit of output) 
Quantity equation: (Money supply × Velocity of money) = (Price × real GDP) 
Velocity of Money = (Price × real GDP) / (Money supply) 
Fisher Effect: (nominal interest rate) = (inflation rate) + (real ...
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Exam #1 Review Questions (answers) ECNS 303
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Exam #1 Review 
Questions 
(answers) ECNS 
303 
1.) Exogenous vs. Endogenous variables 
Consider a potential criminal. The individual maximizes his or her utility by choosing how 
much labor to supply towards legitimate work opportunities (Lw) and how much labor to supply 
towards crime (Lc). In doing so, this person can earn a wage w in the legal labor market and a 
return to crime n in the illegal labor market. In the illegal labor market, the potential criminal 
faces costs of punishment...
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BSNS exam prep, Multiple Choice Questions And Correct Answers, With Complete Verified Solution.
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BSNS exam prep, Multiple Choice Questions And Correct Answers, With Complete Verified Solution. 
 
As price decreases 
(a) demand increases. 
(b) the demand curve shifts left. 
(c) the supply curve shifts right. 
(d) quantity demanded increases. 
d 
A general increase in consumer incomes 
(a) leads to a movement along the demand curve. 
(b) shifts the demand curve to the right. 
(c) shifts the demand curve to the left. 
(d) shifts the demand curve, but it may shift left or right. 
d 
The slope ...
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ECS2602 - Macroeconomics SUMMARY STUDY NOTES 2022.
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ECS2602 - Macroeconomics SUMMARY STUDY NOTES 2022. Learning unit 1: An overview of the South African Macroeconomic 
Environment 
Economic growth - Economic growth takes place when the total output 
(production) of goods and services in an economy increases. It is 
traditionally defined as the annual rate of increase in total output 
(production) or income in the economy. This definition has to be qualified 
in two important respects. 
1. Production, or income should be measured in real terms ...
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Business, Unit 4, WJEC Comprehensive Test Prep Actual Questions And Correct Detailed Answers.
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Internal causes of change - correct answer Changes in management style, changes In business size, new technology 
 
External causes of change - correct answer New technology, labour market e.g. minimum wage, competition consumer taste, new legislation 
 
Effects of unplanned change - correct answer Shorter product life-cycle, dismissed brand loyalty, retrainin...
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BSNS exam prep, Multiple Choice Questions And Correct Answers, With Complete Verified Solution.
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BSNS exam prep, Multiple Choice Questions And Correct Answers, With Complete Verified Solution. 
 
As price decreases 
(a) demand increases. 
(b) the demand curve shifts left. 
(c) the supply curve shifts right. 
(d) quantity demanded increases. 
d 
A general increase in consumer incomes 
(a) leads to a movement along the demand curve. 
(b) shifts the demand curve to the right. 
(c) shifts the demand curve to the left. 
(d) shifts the demand curve, but it may shift left or right. 
d 
The slope ...
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