Q13. According to the Keynesian perspective, what would be the effect of running an
expansionary fiscal policy on the perfectly elastic portion of the Keynesian AS curve?
a) Increased real output
b) Inflation
c) Increased real output and inflation
d) Decreased real output and decreased deflation

Q14. The economy is currently in an inflationary gap. What would be a sensible fiscal policy to
fix this problem?
a) Decrease government spending
b) Decrease taxes
c) Lower interest rates
d) Increase government spending

When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of

Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49