Q11. According to the Keynesian perspective, what would be the effect of running an
expansionary fiscal policy on the perfectly inelastic portion of the Keynesian AS curve?
a) Inflation
b) Increased real output and inflation
c) Increased real output
d) Decreased real output and decreased deflation

Q12. According to the Keynesian perspective, what would be the effect of running an
expansionary fiscal policy on the upward sloping portion of the Keynesian AS curve?
a) Increased real output and inflation
b) Increased real output
c) Inflation
d) Decreased real output and decreased deflation

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.

What three important pieces of information can we learn by reading a production possibilities gragh?