Consider the given statements regarding supply shocks and stabilization policies in response to supply shocks. label each statement as being either true or false.

when an economy experiences a negative supply shock, there is a simultaneous increase in inflation and unemployment.
a. true
b. false
both fiscal and monetary policy are aimed at shifting the aggregate demand curve. neither policy directly shifts the short‑run aggregate supply curve.
a. true
b. false
following a negative supply shock, expansionary monetary policy is used to reduce inflation.
a. true
b. false
only monetary policy can reduce both high inflation and high unemployment at the same time.
a. true
b. false

What does the phrase limited liability mean in a corporate context?

The plastic flowerpots company has two manufacturing departments, molding and packaging. at the beginning of the month, the molding department has 2,100 units in inventory, 70% complete as to materials. during the month, the molding department started 18,500 units. at the end of the month, the molding department had 3,150 units in ending inventory, 80% complete as to materials. units completed in the molding department are transferred into the packaging department. cost information for the molding department for the month follows: beginning work in process inventory (direct materials) $ 1,300 direct materials added during the month 28,900 using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (round "cost per equivalent unit of production" to 2 decimal places.)

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units. required: prepare a production budget by month and in total, for the second quarter.