$46,819
Unemployed Salary
Annual Salary Hourly Wage
Top Earners $57,500 $28
75th Percentile $57,500 $28
Average $46,819 $23
25th Percentile $32,000 $15
you are executing an indirect activity allocation. what do you post to the sender and receiver?
If you are executing an indirect activity allocation. what you post to the sender and receiver is: You post the quantity and cost to both the sender and receiver.
What is Indirect activity allocation?
Indirect activity allocation can be defined as the way in which activities that are share or allocated.
Based on the given scenario when making use of indirect activity allocation you post the quantity and cost to the sender as well as the receiver.
Therefore quantity and cost are posted to the sender and receiver.
Learn more about Indirect activity allocation here:https://brainly.com/question/20597056
#SPJ12
Since restored historic buildings convey a positive externality, local governments may choose to
Since restored historic buildings convey a positive externality, local governments may choose to restrict demotion of them and provide tax breaks for those that choose to restore them.
What is positive externality?A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting tax breaks to companies that undertake R & D.
To learn more about externalities, please check: https://brainly.com/question/26266710
#SPJ12
Since 1960, the earnings gap between men and women in the U.S. labor market has steadily risen. been completely eliminated. continued to narrow. increased throughout the 1970s.
Since 1960, the earnings gap between men and women in the U.S. labor market has continued to narrow.
What is Gap between Men and Women in the U.S. labor market ?
According to the U.S. Census Bureau, women working full time in 1960 earned about 60 cents for every dollar earned by men—the number cited by President Kennedy in signing the Equal Pay Act.
In 1963, women who worked full-time, year-round made 59 cents on average for every dollar earned by men.
The last fifty years of women’s social and economic progress have been lauded as the “grand gender convergence,” the “second demographic transition,” and the “rise of women”—terms pointing to the remarkable transformation in women’s social and economic roles since the 1960s. Many metrics document these changes.
Learn more about U.S. Labour Market on:
brainly.com/question/24733792
#SPJ4
A+piece+of+land+produces+an+income+that+grows+by+5%+per+annum. +if+the+first+year’s+income+is+$10,000,+what+is+the+value+of+the+land?
If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.
Present value of the landUsing this formula
Present value=Income/Rate per annum
Let plug in the formula
Present value=$10,000/0.05
Present value=$200,000
Therefore If a piece of land produces an income that grows by 5% per annum. The value of the land is $200,000.
Learn more about Present value of land here:https://brainly.com/question/14958247
#SPJ12
according to the menu cost theory, firms will be slow in changing their prices because:
According to the menu cost the firms would be slow to changing prices because .the cost of changing the price might exceed the additional profit the price change would generate.
What is the menu cost theory?This is the theory in the field of economics that helps to ensure the reflection of the effect of the change in price to an establishment.
According to this theory, the the cost of changing the price might exceed the additional profit the price change would generate.
Read more on the menu cost theory here:
https://brainly.com/question/4953989
#SPJ12
Assume that the market for pencils is perfectly competitive. The market equilibrium price is $0.50 and Perry's Pencil Company has been selling 10,000 pencils per month. If he sells one more pencil, his marginal revenue will be
The marginal revenue is $0.5 which is being earned if the company sells one more pencil.
What is total revenue?Total revenue is the amount being obtained by the firm after selling the goods and services in the market.
Given values:
Quantity sold: 10,000 units
Marginal quantity: 10,001 units
Equilibrium price: $0.50
Computation of marginal revenue earned:
[tex]\rm\ Marginal \rm\ revenue=\frac{ \rm\ Additional \rm\ revenue-\rm\ Total \rm\ revenue}{\rm\ Total \rm\ quanitiy - \rm\ Additional \rm\ quantity} \\\rm\ Marginal \rm\ revenue=\frac{ 10,001 \times\ \$0.50 - 10,000 \times\ \$0.50}{10,001-10,000} \\\rm\ Marginal \rm\ revenue=\frac{\$5,000.50-\$5,000}{1} \\\rm\ Marginal \rm\ revenue=\$0.50[/tex]
Therefore, when the company sells one more pencil then it earned a marginal revenue of $0.50.
Learn more about the marginal revenue in the related link:
https://brainly.com/question/13563292
#SPJ1
_________________ are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information. group of answer choices b. engagement letters c. subpoenas d. grand juries a. confirmations
Confirmations are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information.
Who is a third party?A third party is someone who is not one of the main people involved in a business agreement or legal case, but who is involved in it in a minor role.
Therefore, the correct answer is option A. confirmation.
learn more about third-party: https://brainly.com/question/25850228
#SPJ1
Cheng is a district manager for a health insurance company. recent reports indicated that cheng's district was not performing as well as other districts in his region. cheng thinks he has been a poor leader and blames himself for the decline in performance in his district. cheng's view of the situation is an example of:_________.
a) tolerance of failure.
b) low self-esteem.
c) need for affiliation.
d) external locus of control.
e) internal locus of control.
(B) is correct i.e. low of self esteem.
Self esteem means confidence in oneself, its overall your opinion what to do, what is your interest, what do you think about your abilities, & what are you limitations.District Manager, this is such a renowned position which requires a lot of self- confidence, good communication, leadership and many more. Here Cheng's point of view is very negative, he is full of low confidence in himself , don't have patience and leadership quality so that he can manage the situation in the district. From my point of view blaming yourself can't be the solution of it.Cheng's should have that much confidence in himself than only he can manage the situation & can bring his district over the other.Learn more about this here-
brainly.com/question/8992294
#SPJ10
The following is a December 31, 2021, post-closing trial balance for Almway Corporation.
Account Title Debits Credits
Cash $ 63,000
Investment in equity securities 128,000
Accounts receivable 69,000
Inventory 209,000
Prepaid insurance (for
the next 9 months) 7,000
Land 108,000
Buildings 429,000
Accumulated depreciation—buildings $109,000
Equipment 119,000
Accumulated depreciation—equipment 69,000
Patent (net) 19,000
Accounts payable 94,000
Notes payable 157,000
Interest payable 29,000
Bonds Payable 249,000
Common stock 327,000
Retained earnings 117,000
Totals $1,151,000 $1,151,000
Additional information:
The investment in equity securities account includes an investment in common stock of another corporation of $39,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.
The land account includes land which cost $34,000 that the company has not used and is currently listed for sale.
The cash account includes $24,000 restricted in a fund to pay bonds payable that mature in 2024 and $32,000 restricted in a three-month Treasury bill.
The notes payable account consists of the following:
a $39,000 note due in six months.
a $59,000 note due in six years.
a $59,000 note due in five annual installments of $11,800 each, with the next installment due February 15, 2022.
The $69,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $6,000.
The common stock account represents 109,000 shares of no par value common stock issued and outstanding. The corporation has 300,000 shares authorized.
Required:
Prepare a classified balance sheet for the Almway Corporation at December 31, 2021.
The Classified Balance Sheet as at December 31, 2021 Total assets is $973,000 and Total liabilities & shareholders equity $973,000.
Classified Balance SheetClassified Balance Sheet as at December 31, 2021 for Almway Corporation
Assets
Current assets:
Cash and cash equivalent $39,000
($63,000-$24,000)
Short term investment $89,000
($128,000-$39,000)
Accounts receivable, net of allowance $69,000
Inventory $209,000
Prepaid insurance $7,000
Total current assets $413,000
Long-term assets:
Investment
Marketable securities $39,000
Land held for sales $34,000
Restricted cash $24,000 $97,000
Property, plant, and equipment
Land $74,000
($108,000-$34,000)
Buildings $429,000
Equipment $119,000
Accumulated depreciation ($178,000)
($109,000+$69,000)
Net property, Plant, and Equipment $444,000
Intangible assets
Patents $19,000
Total assets $973,000
Liabilities and shareholder equity Equity
Current Liabilities:
Accounts payable $94,000
Interest payable $29,000
Note Payable $39,000
Current maturities of long-term debt $11,800
Total current liabilities $173,800
Long-term liabilities
Note Payable $106,200
($157,000-$39,000-$11,800)
Bonds Payable $249,000
Total long-term liabilities $355,200
Shareholders equity
Common stock $327,000
Retained earnings $117,000
Total shareholders equity $444,000
Total liabilities & shareholders equity $973,000
Therefore the Classified Balance Sheet as at December 31, 2021 Total assets is $973,000 and Total liabilities & shareholders equity $973,000.
Learn more about Classified Balance Sheet here: https://brainly.com/question/22212551
#SPJ1
The intended effect of an expansionary monetary policy is that aggregate demand: remains unchanged while the economy's long-run potential growth rate increases. increases, raising inflation and real GDP growth in both the short run and the long run. increases, raising inflation and real GDP growth in the short run, but only inflation rises in the long run. increases, raising real GDP growth only in the long run.
The intended effect of an expansionary monetary policy is that aggregate demand : increases, raising real GDP growth in the short run, but only inflation rises in the long run.
What is expansionary Monetary Policy ?
Expansionary Monetary Policy (Quantitative Easing) involves an increase in the money supply in order to lower interest rates and increase Consumption and Investment.
A monetary policy that lowers interest rates and stimulates borrowing is known as an expansionary monetary policy or loose monetary policy. Conversely, a monetary policy that raises interest rates and reduces borrowing in the economy is a contractionary monetary policy or tight monetary policy.
They believe that expansionary monetary policy increases the supply of loanable funds available through the banking system, causing interest rates to fall. With lower interest rates, aggregate expenditures on investment and interest‐sensitive consumption goods usually increase, causing real GDP to rise.
What is GDP growth rate?The annual average rate of change of the gross domestic product (GDP) at market prices based on constant local currency, for a given national economy, during a specified period of time. It is a measure of the value of all final goods and services produced in a period.
Learn more about GDP growth rate on:
brainly.com/question/27820394
#SPJ4
Firms that adopt e-marketing strategies must consider making changes to their marketing mix variables. Which aspect of the marketing mix would relate to the ability to process orders electronically, reduce inefficiencies, costs, and redundancies while simultaneously increasing speed throughout the marketing channel?
The aspect of the marketing mix that would relate to the ability to process orders electronically, and reduce inefficiencies, costs, and redundancies while simultaneously increasing speed throughout the marketing channel is known as distribution.
What is distribution in marketing?Distribution in marketing relates to how the product or service will get to the final consumer.
Hence, the aspect of the marketing mix that would relate to the ability to process orders electronically, and reduce inefficiencies, costs, and redundancies while simultaneously increasing speed throughout the marketing channel is known as distribution.
Learn more about distribution at;
https://brainly.com/question/25339343
#SPJ12
Learn more about
margot inc, which uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. margot should debit the purchase to:
Because Margot Inc, uses the perpetual inventory system, purchases 500 units of inventory to be held for resale. Margot should debit the purchase to Inventory.
What is the perpetual inventory system?The perpetual inventory system is an application that enable the entity to estimate inventory continuously using electronic records rather than a physical inventory.
It is thus correct to state that Margot should debit the purchase to Inventory.
Learn more about perpetual inventory system at;
https://brainly.com/question/25014592
#SPJ12
which sentence best completes the diagram -
the federal reserve decreases the discount rate
The appropriate answer to the given question is option A bank decreases their bank rate.
What is a federal reserve?The Federal Reserve is the nation's central bank. The Fed oversees the biggest banks in the country, sets monetary policy, and offers financial support to the federal government of the United States.
The complete part of the question is attached in the image below:
The rate at which the Federal Reserve loans to commercial banks is known as the discount rate. Commercial banks, on the other hand, are compelled to alter their pricing in the direction of the discount rate in order to maintain a profit.
Hence option A is correct.
Learn more about the federal reserve:
https://brainly.com/question/17097530
#SPJ1
The velocity of money is a. the multiple by which an increase in government expenditures will cause output to rise. b. the average number of times one dollar is used to buy final goods and services during a year. c. the rate at which the price index for consumer goods rises. d. set by the Board of Governors of the Federal Reserve System.
In economics, the velocity of money is b. the average number of times one dollar is used to buy final goods and services during a year.
What is the velocity of money?It is an economic measure that is used to show the rate that money changes hands between businesses and consumers in a given year.
This can be further simplified as saying that it shows on average, how many times consumers in the economy will buy final goods and services from companies.
Find out more on the velocity of money at https://brainly.com/question/13914618.
#SPJ12
A company is targeting its marketing by running an advertising campaign showing a hmong family celebrating its traditions during the 4th of july holiday. The ad campaign features the company products being used by the children. What area of consumer decision influence is the marketing campaign using?.
The area of the consumer decision that is being used by this company is the target of American culture, an ethnic subculture, and family.
What is consumer decision?This is the term that is used to refer to the decisions that are being made by people in the consumption of goods and services.
People make these decisions based on their families, their culture and the area that they find themselves.
Read more on consumer decision here:
https://brainly.com/question/26636151
#SPJ1
Andrew needs yo save $500 to attend a soccer tournament im three months. He should set a ___ goal in order to save the money
A) long-term
B) medium-term
C)short-term
D) unrealistic
Answer:
Andrew should set a short-term goal since a short-term goal is a goal that needs to be achieved in less than a year and he needs to save $500 in three months.
Andrew needs to save $500 to attend a soccer tournament in three months. He should set short-term goals in order to save money.
What is money?
Money is a trade good accepted by general consent as a medium of economic conversation. It is the medium in which prices and values are expressed. It flows from person to person and country to country, making trade, and it is the debt measure of wealth. Money is any good that is widely used and accepted in written accounts involving the transfer of goods and divine service from one person to another.
Your immediate objectives should be to create a budget, pay down debt, and develop an emergency fund. You may learn how to budget using a variety of free online programs. It's crucial to begin considering debt reduction once you've created a budget.
Financial short-term objectives help you build the foundation and confidence you'll need to accomplish longer-term, more ambitious goals. In as little as a year, it should be possible to complete these initial steps: Set a spending limit and adhere to it. Establish reserve money.
Therefore, Thus, option (C) is correct.
Learn more about money here:
https://brainly.com/question/22984856
#SPJ2
Hansel just bought 100 N95 masks to sell during the pandemic. Hansel realizes he doesn’t have enough and calls Gretel on the phone to see if she has any extra. Hansel offers to pay Gretel $500 if Gretel sends him 50 N95 masks within 48 hours. Gretel needs the money, so she promises to send Hansel the 50 masks within 24 hours. Please explain what type of contract was created, if any?
Does it matter that all of the interaction between Hansel and Gretel occurred through cell phone conversations and voice mail? [Clearly state ”Yes” or “No”] Why or why not? Please explain any relevant contract principle(s) in your answer.
Answer:
There is no specific type of contract to define this agreement, as it was a verbal acceptance. And yes, there is a difference in the use of cellphone and voicemail as there would be a time difference. Please give brainliest.
This arrangement had verbal acceptance , hence there is no particular kind of document to describe it. As there would be a time gap, using a cellphone and voicemail do differ from one another.
What is verbal acceptance?A verbal contract, which is sometimes referred to as an oral contract or parol contract, is an agreement reached between two or more persons using the spoken word. Parol is to vocally communicate or provide something.
Even without written words, actions can be used to verify verbal agreements. Any oral agreement to provide a service is a legally binding contract. However, some agreements must be in writing and if they are not, they are not legally binding.
Just like a written offer, an unconditional verbal offer becomes enforceable and legally binding upon acceptance. However, some offers, including those made in the sale or purchase of real estate, must be made in writing.
To learn more about verbal acceptance
https://brainly.com/question/29741449
#SPJ2
Jeremy recently started working at All Tech Info Services. The company spends a lot of money on ensuring that its employees are happy, have opportunities to grow, and provided with assistance for career management. The company uses a development planning process to achieve its needs. What must Jeremy do after the company assists him in identifying his development needs
Jeremy's career development responsibility involves the recognition of the particular needs he can realistically develop.
What is career development planning?Career development planning is a long-term process by which an employee explores and manages life, learning, and work opportunities to benefit them and their employers.
Career development planning involves stages, including:
Needs assessmentExplorationPreparationImplementationDecision-Making.Thus, Jeremy's career development responsibility involves the recognition of the particular needs he can realistically develop.
Learn more about career development planning at https://brainly.com/question/4606167
#SPJ112
a. The government's direct role in the production of physical capital is primarily focused on research and development . b. The government's direct role in creating human capital is primarily focused on
The role of the government in promoting economic growth can be explained below:
a. The government's direct role in the production of physical capital is primarily focused on developing infrastructure.
a. The government's direct role in the production of physical capital is primarily focused on developing infrastructure.
What do you mean by economic growth?
Economic growth may be described as the growth or development in the inflation-adjusted marketplace value of the products and offerings produced with the aid of using an economy over a certain period of time.
The complete question is attached in the image below:
Hence, the correct statements are:
a. The government's direct role in the production of physical capital is primarily focused on developing infrastructure.
b. The government's direct role in the production of physical capital is primarily focused on developing infrastructure.
Learn more about economic growth:
https://brainly.com/question/1690575
#SPJ1
how would it help the company where you worked to maximize profits if you received advanced training
If i received advanced training the company would benefit and have more profits because less people will be needed to be employed as a result of my professionalism.
What is the benefit of advanced training?Advance training are those training that can improve ones knowledge in the field of work.
However, undergoing this training especially in the financial sector can help the trainee to be able to use the knowledge to maximize the profit such as getting some certification in financial field.
Learn more about training on:
https://brainly.com/question/9450571
#SPJ11
In a brief statement, in your own words, please describe why you are an ideal candidate for this position. (retail store)
(lengthy but not too lengthy)
In a retail store, a candidate will be considered as an ideal who has good and effctive communication skills with customer handling.
What is the retail store?Retail stores are referred to as brick-and-mortar stores where there are commodities present in small quantities and where there is direct interaction with customers takes place.
Retail sales often require dealing with consumers and developing connections with them, therefore an ideal candidate should be personable and outgoing so that he can interact with the customers and their queries.
Retail sales entail talking with customers, answering their inquiries, and addressing any issues they may have. Because retail sales can be fast-paced and unpredictable, an ideal candidate should have strong problem-solving abilities.
Learn more about retail store, here:
https://brainly.com/question/30288498
#SPJ2
When an employer's contribution is used to buy stock in the company for its employees, it has a: A) 401(k) plan. B) Money-purchase plan. C) Profit-sharing plan. D) Salary-reduction plan. E) Stock bonus plan.
When an employer's contribution is used to buy stock in the company for its employees, it has a 401(K) plan. Thus option (A) is correct.
What is 401(K) plan?It is an retirement provided to all the employees by the employers which is also an investment plan. Employees receive a tax credit on their contributions to a 401(k) plan.
Automatic contributions are taken out of employees' paychecks and invested in funds of their choosing.
A 401(K) plan exists when an employer's contribution is utilized to purchase company stock for its employees. As a result, choice (A) is right.
Learn more about 401(K) here:
https://brainly.com/question/27159207
#SPJ1
On January 1, a company's allowance for doubtful accounts had a credit balance of $21,000. During the year, it had net credit sales of $800,000 and it had $25,000 of uncollectible accounts receivable that were written off. Past experience indicates that the allowance should be 8% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 is $300,000, what is the bad debt expense for the year
Based on the percentage of the receivables that go to the allowance account and the accounts receivable balance, the bad debt expense is $24,000.
How can the bad debt expense be found?This is found as:
= (Accounts receivable balance x Percentage of receivables ) + (Amount written off - Credit balance on allowance account)
Solving gives:
= (300,000 x 8%) + (25,000 - 21,000)
= 24,000 + 4,000
= $28,000
Find out more on bad debt expense at https://brainly.com/question/24246319.
#SPJ12
In her new job, alison determined to make her _____________from the start
In her new job, alison determined to make her mark from the start. Hence, the correct answer is mark. Read below about making one's mark.
What does it mean to make mark?If one makes his/her mark or make a mark, one becomes noticed or famous by doing something impressive or unusual.
Therefore, the correct answer is mark.
learn more about idiomatic expression: https://brainly.com/question/902417
#SPJ12
Why would a company debit Interest Receivable? Multiple choice question. It paid interest for amounts incurred in an earlier accounting period. It received an interest payment for amounts accrued in an earlier accounting period. It owes interest on its notes payable which will be paid in a later accounting period. It generated interest on its notes receivable which will be collected in a later accounting period.
It generated interest on its notes receivable which will be collected in a later accounting period.
What are debit interest receivables?The entry is a debit to the cash account and a credit to the interest receivable account when the actual interest payment is received, which eliminates the balance in the interest receivable account.What is the accounting period?In bookkeeping, the time frame for which management accounts and financial statements are created is known as an accounting period. The accounting period in management accounting varies greatly and is chosen by management. Accounting periods are frequently monthly.The honored note is recorded by debiting cash for the amount paid by the customer, crediting notes receivable for the note's principal amount, and crediting interest revenue for the interest generated, presuming no adjustment entries have been made to accumulate interest income.Therefore, a company will debit interest receivable because It generated interest on its notes receivable which will be collected in a later accounting period.
Know more about interest here:
https://brainly.com/question/2294792
#SPJ4
Which of the following is a difference between a push and a pull strategy? Group of answer choices End consumers are targeted in a push strategy, while wholesalers are targeted in a pull strategy. Social media is used in a push strategy, while personal selling is used in a pull strategy. Push strategies focus on content
The difference between a push and a pull strategy is that wholesalers are targeted in a push strategy, whereas end consumers are targeted in a pull strategy.
What is push Marketing?Push marketing basically involves all promotional strategies in which companies use to approach consumer or people to buy their products.
Pull marketing on the other hand means implementing a strategy that naturally draws consumer interest in your brand or products
Learn more about push marketing here: https://brainly.com/question/13362246
#SPJ12
The emergency room fee related to an injury incurred by the Blairs' adult son, Eric, during a visit to their home. The Blairs graciously paid the bill; however, they provided no other support for Eric during the year. For 2022 Eric earned $18,000 as a self-employed house painter. Assuming the Blairs' adjusted gross income was $30,000, what amount of medical expenses can the Blairs deduct as an itemized deduction for 2022
The amount of medical expenses that the Blairs can deduct as an itemized deduction for 2022 will be $900.
How to calculate the amount?From the given information, the total expenses was $3150 and there is an exceed of 7.5% if the adjusted gross income.
Therefore, the amount that will be deducted will be:
= $3150 - $2250
= $900
In conclusion, the correct option is $900.
Learn more about emergency on:
brainly.com/question/13956570
#SPJ1
Ensuring that every fact fits with every other fact best describes: A. the impartiality characteristic a systems analyst needs during requirements determination. B. the reframing characteristic a systems analyst needs during requirements determination. C. the attention to details characteristic a systems analyst needs during requirements determination. D. the impertinence characteristic a systems analyst needs during requirements determination. E. the relaxing of constraints characteristic a systems analyst needs during requirements determination.
Ensuring that every fact fits with every other fact best describes: the attention to details characteristic a systems analyst needs during requirements determination.
What is requirement determination?The process of determining needs entails researching the current system in order to identify its requirements, functioning, and potential areas for improvement.
Requirement determination involves following activities:
The system is being examined, and its attributes are being recorded for future research.At the core of system analysis, fact-finding methods, prototyping, and computer-aided tools are used to record and describe system features.The important characteristics of requirement determination-
The first stage is acquiring information.The second stage is creating the draft.The third stage is to examine the draft.The Code is formally approved in step four.Presenting the Code is step five.Sixth step is implementing the Code.To know more about fact-finding technique to obtain various information, here
https://brainly.com/question/13378071
#SPJ4
When there is a single point of failure, companies can correct the problem by having:
When there is a single point of failure, companies can correct the problem by having: team members share their tasks when any member becomes overloaded.
What is team member?
Team member can be defined a group of people that comes together so as to achieve their tasks or set goals.
Based on the scenario what the company should do into to correct the problems is to ensures that team member shares their work when any member of the teams has overloaded tasks to complete.
Therefore the team members should share their tasks.
Learn more about team member here:https://brainly.com/question/25886641
#SPJ12
Wealth is redistributed from creditors to debtors when inflation is a. unexpectedly low. b. unexpectedly high. c. low, whether it is expected or not. d. high, whether it is expected or not.
Wealth is redistributed from creditors to debtors when inflation is unexpectedly high.
What is inflation?Inflation is when there is a persistent rise in the general price levels of goods and services. When inflation is unexpectedly high, the inflation is not priced into the amount of interest that a creditor expects from a debtor. This leads to wealth been redistributed from creditors to debtors.
To learn more about inflation, please check: https://brainly.com/question/15692461
#SPJ1
