Consider the economy of freeland, whose overall actual price index and actual output are p and y respectively, and the natural rate of output is ˉ y . there are two types of firms in freeland: firms with flexible prices, which set prices according to p = p + 0.5(y − ˉ y ); and firms with sticky prices, which set prices base on p = pe (the expected overall price index). also the fraction of firms with sticky prices is s = 0.75.

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Logan is an employee who processes health insurance forms. initially he was criticized by his supervisor for sloppy work, but thereafter he improved considerably. now he consistently processes his forms without errors and even does more than his fair share of work. however, logan's supervisor has not responded to the extra effort he has put in, giving him no praise or monetary benefits. this leads logan to believe that his supervisor is biased against him. according to the expectancy theory, in this situation, there is a problem in the relationship. a) rewards-personal goals b) performance-awarenessc) performance-rewardd) performance-objectivese) performance-achievement

An is a tax issues by the federal government on important goods