Recent releases of leading economic indicators have been a mixed bag: Some of them indicate stable economic growth, while others indicate a looming recession. a. How will businesses likely adjust their investment spending as a result of the increased uncertainty? They will increase their investment spending, as there is a chance that the economy will boom. They will continue with their original plans, disregarding the increased uncertainty. They will reduce their investment spending, as returns to investment projects become more unpredictable. There is no way to tell, as uncertainty leads businesses to behave in unpredictable ways. b. The increased uncertainty will lead to a GDP and a more output gap.

Jiffy printing shops does a lot of printing job for college students. the shop use an average of 25 cases of copy paper each day during the 312 days last year. the shop opens 6 days a week for 52 weeks each year and closes on sundays. each case of paper costs $35. it conducts a count of its paper inventory at the end of every quarter of the year. the table below shows the inventory counting records for last year. inventory end of quarter 1 700 cases end of quarter 2 1,050 cases end of quarter 3 920 cases end of quarter 4 800 cases 1. what's jiffy's cost of goods sold last year? 2. what's jiffy's average aggregate inventory value? 3. what's jiffy's inventory turnover last year? 4. what is the printing shop's weeks of supply last year?