B. consider assets
C. avoid
D. add to your assets
2. Which of the following is one way to potentially increase your savings?
A. increase discretionary spending
B. reduce your income
C. reduce discretionary spending
D. increase your expenses
1.A. owe
2.C. reduce discretionary spending
According to the Liabilities are the obligations (amount owed) of an individual or an entity as a result of a past event that future economic resources like cash will emanate from the person or entity. Also, Debt could be an example of liabilities.
The Options may be a, B, and also D will reduce savings as savings may be a function of the income available, and also income could be a function of the income so expense.
Thus, the correct option is C. reduce discretionary spending.
Find out more information about Liabilities here:
Answer:
1. A. owe
2.C. reduce discretionary spending
Explanation:
1. Liabilities are the obligations (amount owed) of a person or an entity as a result of a past event for which future economic resources such as cash will flow out of the person or entity. Debts is a good example of liabilities.
2. Options A, B and D will reduce savings as savings is a function of the disposal income available and the disposal income is a function of the income and expense.
Therefore, the right option is C. reduce discretionary spending.
b. II only
c. III only
d. I and II only
e. I, II, and III
Answer:
a. I only
Explanation:
The Federal Reserve System or FED is the central bank of the United States that was created on december 23, 1913. Prior to the bank panic in 1907, congress men were motivated for renew demands for banking and to do a currency reform.
The Great Depression that last from 1929 to 1939 and the loan crisis of the 1980´s were events that took place after the FED creation, then they could not contribute to its foundation.
a) both the Classical dichotomy and the long-run Phillips curve
b) the Classical dichotomy, but not the long run Phillips curve
c) the long-run Phillips curve, but not the Classical dichotomy
d) neither the long-run Phillips curve nor the Classical dichotomy
Answer:
The correct answer is d) neither the long-run Phillips curve nor the Classical dichotomy.
Explanation:
The answer that best suits the situation described is the Phillips curve in the short term but not in the long term.
The Phillips curve starts from the principle that the amount of money circulating (commonly called "money supply") has real effects on the economy in the short term. In this way, an increase in the money supply would have a beneficial effect on aggregate demand, as citizens will spend more when their nominal wages are increased (known as “monetary illusion”) and a more favorable framework for investment and investment will be created. that the prospects of rising prices will improve the expectations of corporate profits. The improvement in aggregate demand would result in greater economic growth, and this in turn in the creation of new jobs. This is how an inverse relationship between inflation and unemployment is established, expressed graphically by a downward curve.
The theory of the long-run Phillips Curve, but not the Classical Dichotomy, might imply that the unemployment rate in Flosserland could be above the natural rate due to persistent high inflation.
The correct answer to this question - which posits what would happen if Flosserland has maintained a long term inflation rate of 25% - is (c): the long-run Phillips curve, but not the Classical dichotomy. This conclusion is drawn from understandings of both the Classical Dichotomy and the long-run Phillips Curve.
The Classical Dichotomy is a theoretical construct that assumes a separation between real and nominal variables in an economy, indicating that changes in the money supply only affect nominal variables and wouldn't directly influence real economic factors like unemployment.
Conversely, the long-run Phillips Curve, is vertical suggesting there's no long-run trade-off between unemployment and inflation. In the long-run, changes in the inflation rate would not lead to a change in unemployment from its natural rate. However, if Flosserland has had a long-term high inflation rate, it's possible that expectations have not adapted and therefore unemployment could be above the natural rate. So only the long-run Phillips curve might suggest higher unemployment, but not the Classical dichotomy.
#SPJ3
everyone studying economics I think