Select whether the following statements most closely reflect monetarist, rational expectations, or mainstream views. a. anticipated changes in aggregate demand affect only the price level; they have no effect on real output. b. downward wage inflexibility means that declines in aggregate demand can cause long-lasting recession. c. changes in the money supply m increase pq; at first only q rises, because nominal wages are fixed, but once workers adapt their expectations to new realities, p rises and q returns to its former level. d. fiscal and monetary policies smooth out the business cycle. e. the fed should increase the money supply at a fixed annual rate.

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.