Scenario: Potential lenders will lend any amount of money if the real interest rate is 2% (and will lend nothing otherwise), and inflation is expected to be 4%. A one-year loan is made. At the end of the year, actual inflation is 6%, rather than the expected rate of 4%. This surprise implies: A one-year loan is made. At the end of the year, actual inflation is 6%, rather than the expected rate of 4%. This surprise implies:

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear

Which term best describes the statement given below? if p = q and q = r, then p = r