Analyzing macroeconomic events with the is curve (i): consider the following changes in the macroeconomy. show how to think about them using the is curve, and explain how and why gdp is a? ected in the short run ) the federal reserve undertakes policy actions that have the eect of lowering the real interest rate below the marginal product of capital.

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.