​Narnia, a developed open​ economy, has been experiencing​ double-digit inflation and a decelerating output growth for the last four quarters. Jonathan Mathews and Ben​ Hall, two market​ analysts, are discussing the various measures that can be adopted by the concerned authorities to curb inflation and boost production in the economy. Jonathan thinks that the central bank should raise the nominal interest rate to control inflation.​ This, he​ feels, will also contribute to an increase in the aggregate supply of funds available for investment in the economy. Ben however disagrees. According to​ him, an increase in the nominal interest rate will lower​ investment, leading to a decline in aggregate production by firms.​ This, in​ turn, will increase the shortage in the economy and prices will rise further. ​Ben's claim that a higher interest rate will increase the shortage in the economy fails to recognize the possibility​ that:

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Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

The questions of economics address which of the following ? check all that apply