Suppose that the central bank in this economy is concerned that inflation is too high and wants to lower the inflation rate by 4 percentage points per year. A reduction in the rate of inflation is known as . To reduce inflation from 10% to 6% in the short run, the central bank would have to accept an unemployment rate of % . True or False: If people have rational expectations, the economy will experience a higher unemployment rate than predicted by the short-run Phillips curve. True False

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.