The estimated equation of housing expenditures in USA using 14 data is estimated as follow: HOUS: Housing expenditures ($), INC: Income ($). Standard errors are in parenthesis. HOUS = -740000000 + 41727767 In (INC) (53455198) (2790582)
R2 = 0.96 The mean of housing expenditures is 180 (milllion $) and the mean of income is 420 million $. What is the elasticity of housing expenditures?

Answers

Answer 1

The elasticity of housing expenditures is 0.98. It is calculated as follows:

Elasticity of housing expenditures = (Change in housing expenditures)/(Change in income)

The elasticity of housing expenditures is the percentage change in housing expenditures that results from a 1% change in income. It is calculated as follows:

Elasticity of housing expenditures = (Change in housing expenditures)/(Change in income)

In this case, the change in housing expenditures is 180 million $ and the change in income is 420 million $. Therefore, the elasticity of housing expenditures is:

Elasticity of housing expenditures = (180 million $)/(420 million $) = 0.43

This means that a 1% increase in income will lead to a 0.43% increase in housing expenditures.

However, the elasticity of housing expenditures can be calculated using the estimated equation as follows:

Elasticity of housing expenditures = 41727767/(420 million $) = 0.98

This means that a 1% increase in income will lead to a 0.98% increase in housing expenditures.

It is important to note that the elasticity of housing expenditures is not constant. It can vary depending on a number of factors, including the level of income, the price of housing, and the availability of housing.

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Related Questions

taylor corp. rents a warehouse where it conducts a small manufacturing operation. as a condition of its lease, it pays a fire insurance premium. taylor needs more room and rents larger quarters. taylor then subleases its old warehouse to mack. taylor also assigns its already-paid insurance policy to mack. this action is:

Answers

This action is known as an insurance policy transfer or an insurance policy assignment. An insurance policy transfer or assignment is the act of transferring or assigning the rights and obligations under an insurance policy from one party to another.

In this case, Taylor Corp. is transferring or assigning its already-paid insurance policy to Mack, along with the rights and obligations associated with that policy. As a result, Mack will now be responsible for paying the insurance premium and will be entitled to any benefits or coverage under the policy. This is a common practice in business transactions, especially when one party is subleasing or renting property from another party.

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the sales department at a local company determines that product a will moderately boost sales and have a shorter production schedule, so it is decided that this product will be manufactured and sold without considering other options. in choosing this product, the sales department is

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The action that is been taking by the sales department when they are determining the kind of product that will bring about sales boost with their shorter production schedule and manufacturing of product is Satisficing.

Satisficing can be regarded as a decision-making strategy that is carried out for  satisfactory or adequate result.

This done as opposed to  the optimal solution, satisficing involves taking pragmatic effort to face a task.

Therefore, satisficing is correct answer.

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the segmented markets theory suggests that although investors and borrowers may normally concentrate on a particular natural maturity market, certain events may cause them to wander from it. group of answer choices true false

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The segmented markets theory suggests that although investors and borrowers may normally concentrate on a particular natural maturity market, certain events may cause them to wander from it. - False

According to the notion of segmented markets, there are many diverse agents in the bond market, each with its own income requirements. As a result, depending on their need for income, various bond market agents invest in various components of the term structure. According to the notion of segmented markets, investors and borrowers may focus on a specific natural maturity market but are unable to switch to another market even if certain circumstances arise quickly.

According to the hypothesis, various debt securities markets, including the short-term and long-term markets, operate as separate and distinct markets. A change in supply or demand in one market may not always cause a corresponding change in another since each market has its unique set of demand and supply elements. Because of transaction costs, information asymmetry, and other market frictions, investors and borrowers could find it difficult to switch markets even if certain circumstances make them reevaluate their choices.

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Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below (the currency is the Australian dollar, denoted here as $): Division
Queensland New South
Wales
Sales $4,000,000 $7,000,000
Average operating assets $2,000,000 $2,000,000
Net operating income $360,000 $420,000
Property, plant, and equipment (net) $950,000 $800,000
Requirement 1:
Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover.
ROI
Queensland ?
New South Wales ?
Requirement 2:
Which divisional manager seems to be doing the better job?

Answers

The New South Wales divisional manager seems to be doing the better job by generating a higher ROI, or return on investment.

Requirement 1:ROI Queensland ROI = Margin × Turnover

Margin = Net operating income / Sales= 360,000 / 4,000,000= 0.09 (or 9%)

Turnover = Sales / Average operating assets= 4,000,000 / 2,000,000= 2.0

ROI = Margin × Turnover= 0.09 × 2.0= 0.18 (or 18%)

New South Wales ROI = Margin × TurnoverMargin = Net operating income / Sales= 420,000 / 7,000,000= 0.06 (or 6%)

Turnover = Sales / Average operating assets= 7,000,000 / 2,000,000= 3.5

ROI = Margin × Turnover= 0.06 × 3.5= 0.21 (or 21%)Requirement 2:New South Wales has a higher ROI, at 21%, compared to Queensland, which has an ROI of 18%.

Therefore, the New South Wales divisional manager seems to be doing the better job by generating a higher ROI, or return on investment.

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How do the events of the nation affect the national debt?

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Answer:   Growing debt has a direct effect on economic growth and the opportunities available to every individual in the country. If excessive levels of debt crowd out private or public or mutual investments in capital goods or works, workers would have less to use and get from their jobs, which would translate to lower productivity work and, therefore, lower wages in multiple aspects of the country's work done. High levels of debt would affect many other aspects of the economy in the future. For eq, higher interest rates result from increased borrowing from multiple agencies and invite under the various segments of college education house loan work loan. Less education and work opportunities will need skills up for various degrees and work to be followed under any scheme.

Explanation:

If we fail to act before a stipulated time the long time fiscal challenges will remain unaddressed and unchanged. The economic crisis and the overall economic environment weaken as confidence suffers, the access to capital funds gets reduced, interest costs crowd out key investments in our future, the conditions for growth deteriorate, and our nation is put at greater risk of economic crisis. If our long-term fiscal imbalance is not addressed, our future economy will be minimized, with fewer economic opportunities for families and workers down there in their own country.

An item is regularly priced at 70$. It is on sale for 20% off the regular price. What is the sale price?

ITS 7TH GRADE MATH BTW!

Answers

Answer:

it's 56.

Explanation:

70*0.8=56

the answer is $56. 20% would be $14 off.

The apple computer became very popular. what was its largest market, and what software made it interesting to the market?

Answers

The largest market for the Apple computer was the education sector. The software that made it interesting to this market was its intuitive and user-friendly graphical user interface (GUI), which was introduced with the Macintosh.

What features of the Apple computer and its software appealed to the education sector?

Apple's GUI and its integration of various software applications made it particularly appealing to the education sector. The graphical user interface provided a visually intuitive way of interacting with the computer, making it easier for students and teachers to navigate and use the system effectively. The Macintosh, with its built-in monitor and compact design, was also well-suited for classroom environments.

In addition to the hardware, Apple developed and provided software that catered specifically to educational needs. One notable software was HyperCard, a hypertext-based programming tool that allowed users to create interactive presentations, simulations, and educational content. HyperCard empowered educators to develop engaging and interactive lessons, providing a dynamic learning experience for students.

Apple's commitment to education extended beyond just hardware and software. The company actively worked with schools, offering discounts and establishing partnerships to ensure accessibility to their products. Apple's focus on education, combined with its user-friendly interface and innovative software, made it the preferred choice for many educational institutions.

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The term used to describe a debt secured by a bidder for the purpose of providing a guarantee that the successful bidder will accept the contract once awarded, is known as.

Answers

A bid bond is a debt secured by a bidder for the purpose of providing a guarantee that the successful bidder will accept the contract once awarded.

What is a bid bond?

A bid bond is a guarantee that ensures that approved bidded contractors starts and  finishes a job. This type is usually called a construction bond aimed at protecting  the owner or developer usually in a construction bidding process.

With this bid bond, the successful bidder will know that the developer is under a   financial security and will ensure he follows due processes according to the contract.

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If you have $35 in your checking account and swipe your debit card for a $50 purchase WITH overdraft protection, what most likely happens? *
I will give u a Brainliest

Answers

Your purchase will go through

According to the condition, it will happens you can make the purchase, but you will also be charged an overdraft fee.

What do you mean by overdraft protection?

A checking account's overdrafts are covered via an agreement made with the bank or other financial institution known as overdraft protection. This service normally has a cost attached to it, usually up to a predetermined maximum.

Even if there isn't enough money in your bank account, overdraft protection ensures that transactions still go through. Checks, ATM withdrawals, and debit card transactions are typically covered by this insurance.

The recipient won't be aware of your low bank balance thanks to overdraft protection, which also ensures that urgent transactions go through.

Therefore, if you have $35 in your checking account and swipe your debit card for a $50 purchase with overdraft protection, it will happens you can make the purchase, but you will also be charged an overdraft fee.

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Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise. Which of the following functions should he use?

Answers

Answer:

IF function

Explanation:

The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.

To do the task in the question, Nathan can only make use of the IF function.

This is so, because the question relates to conditional statement.

The full if statement is:.

=IF(A1 < B1, "YES","NO")

What is the account balance of Supplies if: Cash = $2,300; Supplies = ??; Equipment = $650; and Liabilities +
Owners' Equity = $4,100

Answers

According to this question, with the given data available to us, the account balance of supplies is $1050.

What is the calculation for the same?

The information provided gives us the following equation:

Assets = Liabilities + Owners' Equity

We know that:

Cash = $2,300

Equipment = $650

Liabilities + Owners' Equity = $4,100

Therefore:

Assets = Cash + Supplies + Equipment

To find the value of Supplies we can use the equation above and the information provided:

Assets = Liabilities + Owners' Equity

Cash + Supplies + Equipment = Liabilities + Owners' Equity

Supplies = Liabilities + Owners' Equity - Cash - Equipment

Plugging in the numbers:

Supplies = $4,100 - $2,300 - $650

Supplies = $1,050

So the account balance of Supplies is $1,050.

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Which Type of account is used to store money for longer periods of time and is more likely pay interest to the account holder?
O Checking Account
O Savings Account

Answers

Answer:

Saving account

Explanation:

A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.

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Question 8
It's is almost impossible to buy a house these days without a sizeable down
payment.
True.
False

Answers

Answer:

True

Explanation: You need to pay at least 20% down.

Based on the following information, what is the quick ratio? Cash $9,800 Accounts Receivable $5,600 Inventories $8,400 Prepaid Expenses $6,000 Building $250,000 Equipment $175,000 Accounts Payable $5,300 Wages Payable $4,900 Current Portion, Long-term Debt $32,500 Long-term Debt $225,100 Owner's Equity $187,000 Select one: a. 0.36:1 О b. 0.70:1 O C. 1.51:1 о d. 1.70:1 OL

Answers

The quick ratio is 0.36:1. Therefore, the correct option is A.

To calculate the quick ratio, we use the following formula:

Quick Ratio = (Cash + Accounts Receivable) / Current Liabilities

It is provided that:

Cash = $9,800

Accounts Receivable = $5,600

Accounts Payable = $5,300

Wages Payable = $4,900

Current Portion, Long-term Debt = $32,500

In order to calculate the quick ratio, follow these steps:

1. We need to determine the current liabilities by adding Accounts Payable, Wages Payable, and Current Portion, Long-term Debt:

Current Liabilities = $5,300 + $4,900 + $32,500 = $42,700

2. We add Cash and Accounts Receivable:

Quick Assets = $9,800 + $5,600 = $15,400

3. We can calculate the quick ratio:

Quick Ratio = $15,400 / $42,700 ≈ 0.36:1

The quick ratio based on the provided information is option A: 0.36:1.

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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home

Answers

Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.

Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.

Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.

Hence, the correct options are "A, B & C".

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william has just written an e-mail message to his supervisor. before sending it, he wants to make sure that his supervisor will immediately understand the message. what is william checking for? group of answer choices conciseness format design clarity

Answers

As William wants to make sure that his supervisor will immediately understand the message, William is checking for clarity. Option D.

Option D is the best answer for William's question, as it provides the clearest explanation of the situation. By making sure that his supervisor will immediately understand the message, William is looking for clarity. This will ensure that his supervisor can make a quick and informed decision.

It ensures William's supervisor will understand the message quickly and clearly.

Clarity refers to making something clear in such a manner that it is easily understood by others. In the scenario mentioned in the question, as William wants that his supervisor immediately understands the message, hence he is adding clarity to the e-mail.

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what climate and growing conditions do sugar beets and sugar cane require

Answers

bright,sunny, hot


step-by-step explanation:

Answer:

it requires a tropical or subtropical climate with a minimum of 600mm of annual

In a Oligopoly industry ___________ firms will be able to operate successfully because each must have a significant portion of the market to reduce manufacturing costs.

Answers

In an oligopoly industry, only a few firms will be able to operate successfully because each must have a significant portion of the market to reduce manufacturing costs.

The limited number of firms in an oligopoly allows them to have more control over the market. This control often leads to an interdependent relationship among the firms, where their actions directly impact the strategies and decisions of their competitors.

By having a significant market share, firms in an oligopoly can benefit from economies of scale, which result in lower per-unit manufacturing costs. This is because larger production volumes allow for better utilization of resources and the spreading of fixed costs. As a result, firms can offer their products at competitive prices, which can attract more customers and further solidify their market position.

However, it is important to note that even though oligopoly firms operate successfully, they must still navigate the complexities of competition and strategic decision-making in order to maintain their market share.

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In business process management (BPM), an as-is model ________.

A. represents the ideal state of a business process
B. represents the desired state of a business process
C. predicts the likely future state of a business process
D. documents the existing business process
E. contrasts the former and current states of a business process

Answers

In business process management (BPM), an as-is model documents the existing business process.

What is an as-is model?Both as-is and to-be maps show where your processes are now at. The as-is phase describes the state of your processes as they stand right now, including any holes or problems with the way things are done. The process management to-be phase can be started once you have that drawn out.The method, culture, and capabilities of the organization are described in the As-Is diagram.

In business process management (BPM), an as-is model documents the existing business process.

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Why is fashion designer Kira's Plasinina father important

a. He is a businessman who helped her achieve her goals .

b. He liked her drawings .

c. He funded her ventures.

d. He was her inspiration

Answers

d . he was her inspiration

important of doctor any five

Answers

Answer:

saving life, extending life, humanitarian work, controlling epidemic and conducting research

A doctor is only the person with the profession of treating and curing sick.

Doctors help us by taking care in the hospital if we have any injuries or illness.

If there are no doctors and we are injured or ill there will be many chances to lose our lives without doctor in that situation.

There are many doctors like dental doctor, ophthalmologist (eye doctor) etc.. who can help us in different types of illness.

Doctors treat not only physical ailments but also the mental ailments of a patient as a Psychiatrist (medical doctor; who specializes in mental health, including substance use disorders.)

what is working capital? ​

Answers

Working capital is a metric that represents organization or other entity, including governmental entities.

Udi's Gluten Free sells bread, bagels, cookies, pizza crust, and other products that are gluten free. The combination of all the products that Udi's Gluten Free sells is referred to as its

Answers

Answer:

Product mix

Explanation:

Product mix is the complete or total set of products or product lines offered by a company to consumers. Product mix can also be defined as the total number of similar manufactured items or products produced by a manufacturing company that is offered for sale it can also be referred to as product portfolio. There are four major dimensions of product mix, that include: width, consistency, depth and length.

Therefore, the combination of all the products that Udi's Gluten Free sells is referred to as its product mix.

What are the risks and benefits of implementing a penetration pricing policy as compared to a competitive pricing policy?

Answers

Answer:

Penetration pricing is a pricing strategy where a company charges less than its competitors in order to entice its competitors' customers to patronise them instead.

Competitive pricing on the other hand will see a company charging the same price as its competitors.

Benefits of using Penetration pricing over Competitive

Reduce competition - If the company engaging in penetration pricing is large enough with more influence in the market, charging less than competitors might lead to competitors leaving the market as the prices will be too meagre for them to cover costs. Market Dominance - using penetration pricing can lead to customers moving from the competitors to the company using penetration pricing thereby giving that company market dominance. Economies of scale - Penetration pricing allows the company to sell more quantity of its product which means that it will have to produce more and this will reduce average costs for the company.

Risks involved

Price War - There is a risk of a price war if a company uses penetration pricing. A price war happens when a company reduces its prices and their competitors react by reducing their own prices as well. It might led to a situation where this continues until all the companies are making significant losses. Brand Image damage - Cheaper products are usually perceived as having lower quality. Reducing prices might see customers believing instead that the brand is poor and so they may avoid it. Attracts low loyalty - The customers gained through this strategies most often have little brand loyalty and when a better deal comes than the one they are being offered in that moment, they will leave.

*
Every year,
large public corporations commit fraud.
3 out of 7
5 out of 7
O
1 out of 7
4 out of 7

Answers

5 out of 7 that’s the answer

ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. During the year ABC Ltd sold 40% of its investments being held in the beginning of period at a profit of Rs 16,800. Determine cash flow from investing activities.

Answers

ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. the cash flow from investing activities was Rs 44,000.

What are investing activities.?

Generally, Investing activities are actions taken by a business or individual to acquire or dispose of assets in order to increase their wealth. These activities can include the purchase of stocks, bonds, mutual funds, real estate, or other types of investments. Investing activities are typically undertaken with the goal of generating income or capital appreciation over time.

To determine the cash flow from investing activities, we need to calculate the amount of cash that ABC Ltd received from selling its investments.

The investment at the beginning of the period was Rs 68,000. If 40% of this investment was sold, then the amount sold was 40/100 * Rs 68,000 = Rs 27,200.

The profit from the sale of these investments was Rs 16,800, so the total cash received from the sale was Rs 27,200 + Rs 16,800 = Rs 44,000.

Therefore, the cash flow from investing activities was Rs 44,000.

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firmographics consist of the company size, location, and objective. group startstrue or falsetrue, unselectedfalse, unselected

Answers

The given statement "firmographics consist of the company size, location, and objective" is true as Firmographics, often known as company demographics, are categories of traits used to categorize potential employers.

Company size and location are two common firmographics. Firms can carefully evaluate the characteristics of organizational behavior, for example in a certain sector, using firmographics factors. When operational variables, purchasing strategy, environmental conditions, and consumer personal qualities are similar, it is useful.

Firmographic data, or details about a company's essential traits, may be utilized to pinpoint market niches and obtain understanding of the requirements and preferences of these businesses. In order to assess B2B audiences based on their characteristics, firmographic data is collected, much like other major kinds of segmentation. This makes it much simpler to target, tailor, advertise, and find high-value consumers.

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The complete question is, " Firmographics consist of the company size, location, and objective. True or False."

5. Student loans typically offer higher interest rates, no deferred payment options, and no grace period following graduation.
True
False

Answers

Answer:

True

Explanation:

A lender might investigate a borrower’s personal assets if that borrower was part of which of the following organizations?

General partnership

Corporation

Limited partnership

REIT

In a general partnership, lender checks the personal assets of the borrower.

Answers

In a general partnership, the lender checks the personal assets of the borrower.


A general partnership is an organization in which two or more persons come together for the purpose of carrying on a legal business with a view to making a profit. In a general partnership, the lender checks the personal assets of the borrower. In a general partnership, the liability of each partner for the partnership's debts is unlimited. As a result, the lender will investigate the personal assets of all partners in a general partnership in order to determine if they can be used as collateral for the loan.

Personal assets are what the individual partner owns outside of the partnership, such as a car, house, or investments. By checking the personal assets of the borrower, the lender can see if the borrower is in a position to repay the loan if the business fails. This is a critical step in the lending process, as it helps the lender to make a more informed decision about whether or not to approve the loan.

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belkin incorporated has 100,000 shares of $3 par value common stock outstanding. belkin declares a 40% stock dividend on march 2 when the stock’s market value is $72 per share. prepare the journal entry for declaration of the stock dividend.

Answers

Upon declaration of stock dividend, Belkin Inc. must record the following journal entries as follows:

Journal entry :

1. Retained Earnings (100,000 shares x 40% x $72) Dr. $2,880,000

To Common Stock Dividend Distributable          $2,880,000

2. Common Stock Dividend Distributable    Dr. $2,880,000

To Common Stock (100,000 shares x 40% x $3)  $120,000

To Additional Paid-in Capital                                 $2,760,000

(100,000 shares x 40% x ($72 - $3)

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Businesses can benefit from the tourists who visit the park.2. All costs ricans can enjoy the waterfalls, wildlife, and archaeological remains in the park.3. The park provides the ingredients necessary for making the Costa Rican tamal.4. The land value raises overall tax revenues through taxes paid in the 683 hectares of land. Isosceles Trapezoids: Only one pair of opposite sides are _______ Fungal groups and relatives Classify each description into the correct fungal group or relative. If a description applies to more than one group, place it into both groups. Have the smallest known oukaryotic genome Produce zoospores Sister group to fung Use polar tube to infect host Alternation of haploid and diploid generations Found in digestivo tracts of herbivores Blastocladiomycota Neocallimastigomycota Microsporidia Union naval forces led by Admiral Farragut successfully shut down one of the Confederacy's last remaining ports during the:A. capture of Atlanta.B. fall of Mobile.C. Fort Pillow Massacre.D. March to the Sea. Which of the following salts, when dissolved in water, produces the solution with the lowest pH?a. NaIb. KIc. MgId. AlI Two children are playing a game in which they try to hit a small box on the floor with a marvel fired from a spring-loaded gun that is mounted on a table. The target box is at a horizontal distance D = 2.2m from the edge of the table. Bobby compresses the spring 1.7cm, but the center of the marble falls 27cm short of the center of the box. How far should Rhoda compress the spring to score a direct hit? Assume that neither the spring nor the ball encounters friction in the gun. 55 15 When our goal is to establish an assertion, the negation of the assertion is he O True False match the protist with the way it moves.parameciumamoebaplasmodiumspirogyra The complimentary messenger RNA strand that would be synthesized from the DNA base sequence of CTGAC would be...A) GACTGB) UGACUC) AGTUGD) GACUGE) GACGU HELP FAST PEOPLE Read the passage. How does the constitution establish the powers of the judical branch Congress has given the Federal Reserve a mandate to do which of the following? OA. Maintain price stability OB. Conduct policy to encourage reduce the unemployment rate to 0% O C. Conduct policy to maximize stock prices O D. All of the above OE. None of the above In each of the following groups, pick the substance that has the given property. Provide a BRIEF justification your answer.a. highest boiling point: CCl4 CF4 CBr4b. lowest freezing point: LiF F2 HClc. lowest vapor pressure at 25C: CH3OCH3 CH3CH2OH CH3CH2CH3d. greatest viscosity: H2S HF H2O2e. greatest enthalpy of vaporization: H2CO CH3CH3 CH4 f. smallest enthalpy of fusion: I2 CsBr CaO Assume that the United States economy is currently in long-run equilibrium. a. Draw a correctly labeled graph of aggregate demand and aggregate supply and show each of the following. i. The long-run aggregate supply curve ii. The current equilibrium output and price levels, labeled asYEandPLE, respectively b. Assume that the government increases spending on national defense without raising taxes. i. On your graph in part (a), show how the government action affects aggregate demand. ii. How will this government action affect the unemployment rate in the short run? Explain. c. Assume that the economy adjusts to a new long-run equilibrium after the increase in government spending. 1. How will the short-run aggregate supply curve in the new long-run equilibrium compare with that in the initial long-run equilibrium in part (a) ? Explain. ii. On your graph in part (a), label the new long-run equilibrium price level as PL2. how is the exosphere formed