Use the AS/AD model to describe the effect of each of the following events on the economy of Snezhanka (a fictitious nation). Beginning with the economy in equilibrium carefully show the shift involved and the new equilibrium. State whether the P (price level) and RGDP at the new equilibrium are higher or lower. For each part of this question, start again at the original equilibrium. What will happen if: a. Taxes on households are decreased?
b. Taxes paid by firms are decreased?
c. The value of the national currency, the Snezhankan lev, declines in the international currency market?
d. A revolutionary new machine, the aparat, increases worker productivity?

Personal financial planning is the process of creating and achieving financial goals? true or false

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84

What is the relationship between credit and debt?