The first step involved in investigative accounting is preparation. A good forensic accountant will start with the end in mind and will create a master plan to help guide his or her research and analysis.
What is the process of forensic accounting?
The kind of involvement is referred to as forensic accounting. It involves the entire process of conducting a forensic investigation, which includes writing a report or witness statement and even testifying as an expert witness in court.
What is the most important thing that a forensic accountant does?
To ascertain where lost money has gone and how to recover it, forensic accountants analyze data. When they testify as expert witnesses at hearings, they may also provide reports of their financial findings as evidence.
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The throughput ratio (tr) is the ratio of the total processing time for the job divided by?
The throughput ratio (tr) is the ratio of the total processing time for the job divided by total waiting time plus total processing time.
The throughput ratio metric contrasts the actual throughput, measured in hours or units, with the predicted (standard) throughput. Better is a ratio that is higher. Any work center can employ the throughput ratio, and this statistic aids in identifying efficiency or a lack thereof.
The quantity that a production process can produce in a given amount of time is known as throughput. For instance, if an eight-hour shift can produce 800 units, then the production process can produce 100 units each hour.
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Caviler company determines that it cannot collect a total of $500 from a customer. Using the allowance method, the journal entry to write off the amount would be?
The journal entry to write off the amount would be,
Debit: Allowance for Bad Debts $300.
Credit: A/R $300.
Journal access is an act of keeping or making information of any transactions both economic or non-financial. Transactions are indexed in an accounting journal that indicates an organization's debit and credit score balances. The magazine entry can consist of numerous recordings, each of that's both a debit or a credit score.
A journal entry is a record of the commercial enterprise transactions within the accounting books of a commercial enterprise. A well-documented magazine entry consists of the suitable date, amounts to be debited and credited, an outline of the transaction, and a completely unique reference number.
A credit score entry is used to decrease the value of an asset or growth the value of a liability. In other phrases, any advantage-giving component or outgoing issue must be credited in books of money owed. The credits are entered on the proper side of the ledger debts.
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In 2008, timothy geithner referred to investment banks, money market mutual funds, hedge funds, and other financial firms engaged in similar activities as the?
In 2008, Timothy Geithner referred to investment banks, money market mutual funds, hedge funds, and other financial firms engaged in similar activities as the shadow banking system.
The housing market collapse and the worldwide financial crisis that began in 2008 was because of the shadow banking industry which is viewed as heavily contributing to this crisis.
Shadow banking system involves bank-like activities which take place outside the traditional banking sector. Shadow bank lending has similar function to traditional bank lending.
Hence, the collapse of the housing market, which was fueled by low interest rates, insufficient regulation, and easy credit led to the economic crisis.
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A college is run by a board of trustees, which hires a president, who in turn selects vice presidents, deans, and other administrators. This is an example of the bureaucratic characteristic of?
A college is run by a board of trustees, which hires a president, who in turn selects vice presidents, deans, and other administrators. No this is not example of the bureaucratic chracterstic. This is example of hierarchy of authority.
What is hierarchy of authority?An organization's architecture of leadership is created to be beneficial to both the business and the employees. A good management team enables the company to thrive, and members of staff turn to management for career advancement opportunities. Other way to protect managerial integrity is through a hierarchy. In order to prevent high personnel turnover, a manager must demonstrate her competency. An organization's structure of power plays an important role in its long-term success.
Managerial accountability in the hierarchy of command shouldn't be used to cast blame or declare employees to be incompetent. Every initiative and activity inside of the business has a route of accountability thanks to a fully established structure.
Employee development takes place at every level within a company. Employees look to administration for support in the training of job skills, managing communicates with firm executives to strengthen organizational effectiveness, and executives ask guidance from business owners who do have expertise in the industry.
An employee can better understand who to get guidance from by comprehending the hierarchy of power. They can also better grasp where their manager's career development comes from. Competence is crucial at all levels of the organization's hierarchy for this reason.
Each member in the organization has a separate career path according to the hierarchy of power.
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When Xiu Li, a marketing executive with Hope Springs, sends out employees of the firm to build relationships with B2B customers, like the Coffee Collective, it is using
The company builds relationships with B2B clients, like the coffee Collective: It builds repeat income.
A marketing executive directs the marketing of an agency's products or services. marketing executives recognize the organization's product line, historic marketplace, capacity market, media prices, media response, and budgeting problems.
Applicants who're searching for a job in an advertising govt have to have passed a bachelor's or master's degree in any of the advertising and marketing, business or management, communications, IT or laptop technology, advertising, or psychology-related steam.
Advertising executives in consultancy businesses handle various advertising campaigns for one-of-a-kind groups. An advertising and marketing executive can be in a junior-level or senior-degree role depending on the size of the commercial enterprise.
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Which scheduling technique should be employed when due dates are important for a job order?
Backward scheduling is the scheduling technique that should be employed when due dates are important for a job order.
What is backward & forward scheduling?
Working forward from the commencement date is how forward scheduling is done. When planning backward, you start with the target completion date. Even if capacity is available, you might not be able to begin a job right away using backward scheduling. All tasks are scheduled backward from the end date.
Who uses backward scheduling?
Forward scheduling is typically used by make-to-stock manufacturers while backward scheduling is an option for make-to-order manufacturers (as well as those that make to stock by a sales projection). These two scheduling strategies can, however, also be combined. For various circumstances, businesses can employ a variety of approaches.
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If a competitive firm’s marginal revenue is equal to marginal cost, the firm is earning positive economic profits when ________
If a competitive firm’s marginal revenue is equal to marginal cost, the firm is earning positive economic profits when the price is above the average cost.
If the price exceeds average total cost, then the firm generates the economic profit, it means the profit which is above normal profit by production of the quantity that equates marginal revenue and marginal cost.
However, if the price falls below average total cost, then the firm faces an economic loss.
The average cost pricing rule is a standardized pricing rule which the regulators impose on certain businesses in order to limit what those companies are able to charge their consumers for its products or services to a price which is equal to the costs necessary to create the product or service.
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Eileen is a risk neutral consultant, doing work for acme, inc. The company offers her a choice of two compensation plans. Under plan a she receives $25,000 today. Under plan b she receives $10,000 today, $10,000 one year from today, and 10,000 two years from today. She will be indifferent between these plans if her rate of time discount equals ________ percent. If her rate of time discount is less than this amount she will opt for plan ______.
She will be indifferent between these plans if her rate of time discount is equals 21 percent. If her rate of time discount is less than this amount she will opt for a plan B.
What is discount rate?The bank rate, sometimes known as the discount rate in American English, is the interest rate charged by a central bank on its loans and advances to commercial banks.
In a discounted cash flow (DCF) analysis, the discount rate is the interest rate used to calculate the present value of future cash flows. This helps establish whether the future cash flows from a project or investment will be worth more than the initial capital outlay required to support the project or investment.
The discount rate is an essential measure of an economy's credit situation.
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Policies related to setting interest rates, control of currency supply, and the buying/selling of treasury bonds are referred collectively as _____.
Policies connected to setting interest rates, control of currency supply, and the buying/selling of treasury bonds are referred collectively as Monetary policy
What is monetary policy?
Monetary policy is a set of tools used by a nation's central bank to control the overall money supply and promote economic growth and employ strategies such as changing interest rates and varying bank reserve requirements.
What is monetary policy sample?A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary policy to support an economy. The three key actions by the Fed to boost the economy include a decreased discount rate, purchasing government securities, and a reduced reserve ratio.
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Because of their economies of size, large food processors typically spend a smaller percentage of sales on promotion than do small processors.
a. true
b. false
The statement, because of their economies of size, large food processors typically spend a smaller percentage of sales on promotion than do small processors, is false.
The large food processors typically spend a huge amount on the sales promotions for better sales with a good amount of profit. Thus, they do so because sales promotions boosts sales of a product by creating demand in the market.
This creates both the consumer demand as well as trade demand. It also improves the performance of middlemen and acts as a supplement to advertising and personal selling.
Hence, option B is correct.
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For sunland company at a sales level of 4000 units, sales is $85000, variable expenses total $66000, and fixed expenses are $21000. what is the contribution margin per unit?
$4.75 is the contribution margin per unit.
Contribution margin per unit= Contribution÷Sales units
= ($85,000-$66,000)÷4,000
= $4.75 per unit.
The contribution margin per unit is the selling price of a unit of merchandise minus the variable manufacturing costs of that unit. The contribution margin per unit is the amount that each sale contributes to paying fixed costs.
Contribution Margin is calculated as Revenue – Variable Cost. The contribution margin ratio is calculated as (sales – variable costs) / sales.
A contribution margin of 100% is optimal, so the closer the contribution margin is to 100%, the better. The higher the number, the more the company can cover overhead costs with the available cash.
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Guido and hal want to rescind their contract under which guido sold hal a mountain bike for $100. To rescind the contract.
Guido and hal want to rescind their contract under which Guido sold hal a mountain bike for $100. To rescind the contract. Guido must return the $100 and Hal must return the bike.
What do you mean by contract?A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties. The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts.The damaged party may seek legal remedies like damages or rescission in the event of a contract breach. The foundation of contract law, which is the area of law of obligations pertaining to contracts, is the idea that agreements must be upheld.What constitutes a contract's seven elements?Basics of contracts.Classification of contracts.Offer.Acceptance.A gathering of minds.Consideration.Capacity.Legality.Learn more about contract here:
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Effective apologies are timely, ___________, non-defensive, and exercise caution.
Effective apologies are timely, personal, non-defensive, and exercise caution. Humans often apologize in order to acknowledge and remedy a problem. It's more than just learned habit in company.
Apologies are crucial component of growth plan. This is especially true for SaaS providers and other businesses that prioritize long-term client relationships. Effective company apologies are increasingly important for maintaining client loyalty, satisfaction, and trust.
You'll erroneously do something eventually, but you don't need to lose a client because of it. One reason is that apologies show empathy, which experts say is a powerful force in business. That might facilitate bigger corporate deals and promote company expansion.
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Business process management applies only to commercial, profit-making organizations.
a. true
b. false
False. Business process management applies to commercial, nonprofit, for-profit, and government entities.
Discovering, modeling, analyzing, measuring, improving, and optimizing business processes are all aspects of business process management. Businesses have processes in place to ensure that their strategies are effectively implemented throughout all levels of the organization. Structured and repeatable processes are one type, while unstructured and unpredictable ones are another.
Since the roles, regulations, strategies, and objectives of businesses and other entities it embraces are always evolving, business process management is an expansive field that is also inherently dynamic. Several optimization approaches, including as Six Sigma, lean management, and Agile, have found a home in business process management over the years.
Some firms' business processes have grown too huge and complex to be handled without the help of automated tools, therefore vendors of business process management software have stepped in to facilitate widespread organizational transformation. Progress in artificial intelligence (AI) has in turn fueled the development of new Business process management tools that make it easier to find, create, measure, enhance, and automate processes. business process management, which has traditionally focused on back-end procedures, has expanded to also encompass the optimization of customer and employee interaction systems in response to the advent of digital business.
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At what level in the organization should the strategic management perspective be emphasized?
Throughout the Organization should the strategic management perspective be emphasized.
What is Strategic Management?Strategic management is the process of setting goals, procedures, and objectives in order to make a company or organization more competitive. Typically, strategic management looks at effectively deploying staff and resources to achieve these goals.
Example of strategic management:
Consider a large company that wants to achieve more ambitious online sales rates. To meet these goals, the company will develop a strategy, communicate this strategy, apply it across various units and departments in the organization, integrate this with employee goals, and execute accordingly. If an effective strategy is applied, ideally, it will help the company achieve its targets through a single, coordinated process.
Therefore, we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
At what level in the organization should the strategic management perspective be emphasized?
A. throughout the organization
B. from the bottom up in an organization
C, at the top of the organization
D, at the middle of the organization
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A well-designed product transcends cultural barriers. It does not need to be changed to suit different countries or cultures. True or false?.
A well-designed product transcends cultural barriers. It does not need to be changed to suit different countries or cultures. This statement is false.
What are cultural barriers?Moving from one nation, city, or municipality to another can be challenging. It's considerably harder if there is work to be done when we arrive.Some individuals believe that cultures are more alike than they actually are. They may not even be aware of the differences, making it challenging for them to handle them delicately. While we all share a lot of things, there are also many things that set us apart. specifically at the workplace. The first issue that results from this is frequently communication.When dealing with examples of cultural obstacles to communication, it's crucial to identify if the problem is sociocultural or cross-cultural.To know more about cultural barriers with the given link
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When is the opportunity cost of changing your decision on a college major highest?
The opportunity cost of changing your decision on a college major highest after you have completed all but one of the credits required to complete your chosen major.
What are opportunity costs?Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions require an understanding of the possible opportunities lost when a company or person selects one investment over another. Opportunity cost is the advantage that was lost because a particular option was not selected.it is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. Opportunity costs have a value that can help people and businesses make more lucrative decisions.
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José wants to have money available for any future purchase he desires. what is his best choice to assure that he has open-ended credit?
The best choice that would assure and guarantee that José has open-ended credit is: a bank line of credit.
Line of creditA credit can be any amount of money that is being borrowed and it is expected to be paid back with interest at an agreed date from a lender by a borrower.
Generally, there are three main types of credit and these include:
Revolving creditInstallment or closed-end creditOpen-end creditAn open-end credit refers to pre-approved line of credit (loan) that is given to a borrower by a economic institution (bank) and it can be used frequently up to a specific preset limit. Thus, an open-end credit is typically used for many investments over a period of time rather than just a single investment.
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If there is a demand for more shares than are available at the offering price, the offering is said to be?
If there is a demand for more shares than are available at the offering price, the offering price is said to be overpriced.
This all happens due to the law of demand and supply.
The law of supply and demand is a theory that seeks to explain the relationship between the availability as well as the desire for a product, such as a security, and its relative price.
Typically, when the availability of shares in the market is low and the demand is high, it boosts the price of the shares in the market..
Alternatively when there is high availability of the shares and the demand for shares is very low then it leads to the reduction in its price.
The law affects the stock market by determining the prices of the individual stocks which make up the market.
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One of the things that makes a triceratops unique when comparing it to other ceratopsidae is that it's frill?
Lacks fenestrae makes a triceratops unique when comparing it to other Ceratopsidae.
Triceratops is characterized via a quick frill with a flat squamosal, an upturned caudal margin of the frill, the absence of fenestrae, and a midline epiparietal. Torosaurus is characterized by using an elongate frill with a straighter facet, a concave squamosal, and a shortage of upturning of the frill.
A year-long study by Yale university paleontologists concludes that two associated horned dinosaurs are different animals and not adult and juvenile versions of the same.
Now Scannella and Horner say that triceratops is simply the juvenile form of torosaurus. As the animal elderly, its horns changed shape and orientation and its frill became longer, thinner and less jagged. Eventually, it became fenestrated, producing the traditional torosaurus form.
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A tornado that destroys a factory would be consided to be an example of a(n)?
A tornado that destroys a factory would be consided to be an example of an economic loss.
Tornadoes generally result in significant economic losses that are classified as direct losses or indirect losses.
Direct losses are the result of the destruction of assets and the resulting decrease in value of the asset and/or the lost income as a result of destroyed assets.
Indirect losses relate to the wider impact and include all the loss of production and sales, increased commute times, increased transportation costs, as well as decreased tourist activity.
Despite the economic devastation, tornadoes can act as economic stimuli, through rebuilding efforts, the inflow of insurance money and disaster-relief funds, and improvements in the labor market.
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We would expect the inventory turnover ratio for a luxury auto dealer to be __________ than the turnover for a convenience store.
We would expect the inventory turnover ratio for a luxury auto dealer to be lower than the turnover for a convenience store.
Inventory turnover is a financial ratio that demonstrates how frequently a company sells and replaces inventory over a specific time frame. The days it takes to sell the company's inventory on hand can then be determined by multiplying the number of days in the period by the inventory turnover formula.
Businesses can improve their decisions about pricing, production, marketing, and the acquisition of new inventory by calculating inventory turnover.
Inventory turnover gauges how quickly a business sells its stock. Poor sales and possibly surplus inventory, commonly known as overstocking, are indicators of low turnover. It can be a sign that the products being sold have a flaw or that there has been insufficient promotion.
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Answer:lower
Explanation:
After approving all documents from a shipment received, the purchaser sends a(n) ________ to the vendor.
After approving all documents from a shipment received, the purchaser sends a check to the vendor.
Who is a Purchaser?
The person who oversees the complete process of choosing, purchasing, and assessing the goods and services a restaurant or food service organisation needs.
Purchase order is a letter advising suppliers that their quotes for goods meeting the quality and quantity requirements in the request for proposals have been accepted and that the shipment should be delivered.
Who is a vendor?
Vendor is someone from whom a business purchases products or services on credit or in cash.
Shipment is the actual physical transportation of things between two locations, such as when goods are transported from a warehouse to a customer.
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Verify that all high-value business logic flows, including authentication, session management and access control are thread safe and resistant to time-of-check and time-of-use race conditions
A project Application Security Verification Standard (ASVS) of Open Web Application Security Project (OWSAP) is standard to test technical security control of a web application and provides a list of requirements to developers for secure development. It verifies that all high-value business logic flows, including authentication, session management, and access control are thread-safe and resistant to time-of-check and time-of-use race conditions.
OWASP's Application Security Verification Standard (ASVS) standard aims to perform web application security verification.
ASVS standards provide a basis to test technical security control of a web application, as well as technical security controls in the environment that is relied on to protect against SQL injection and Cross-Site Scripting. s standard ensures the security of web applications.
It provides the guidlines to developers to develop secure web applications that ensure high value business logic flows are resistant to time-of-check and time-of-use race conditions.
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Heir own music academy where kids 7 to 18 can receive instrument or voice lessons and be part of a band that puts on a live show. Which step in the marketing process is the best place to begin?
Find out what young musicians want to accomplish and what is important to them as first stage in the marketing process. Marketing process indulges strategies to generate value for consumers to meet their needs. Customers and businesses engage in a cycle of actions and responses as a steps to add value and meet customer needs.
In marketing process, environment is analyzed to find opportunities, value proposition strategy is developed, tactical decisions are made, plan is carried out, and results are tracked. Strategic marketing analysis, marketing mix planning, marketing implementation, and marketing control make up the four steps of marketing process.
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Primary data can be collected in several ways. installing cameras in a retail store to unobtrusively record shopping behavior is an example of?
Primary data can be collected in several ways. installing cameras in a retail store to unobtrusively record shopping behavior is an example of observational research.
A camera is an optical device that captures visual images. Basically, a camera is a sealed box with tiny holes that let light pass through and capture an image on a photosensitive surface. Cameras have various mechanisms that control how light hits the photosensitive surface.
camera, in photography, a device that records an image of an object on a light-sensitive surface. It is essentially a blackout box with an opening to let in focused light onto an intensified film or plate. 35mm single-lens reflex (SLR) camera.
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To be effective, market researchers must ___________ collect, record, analyze, and interpret data
To be effective, market researchers must systematically collect, record, analyze, and interpret data.
Market research is a that systematic process which collects, analyzes, and interprets the qualitative and quantitative data about the potential customers as well as existing users, competitors, and also the target market.
Businesses use different market research results to create different products, experiences, and messages to attract and maintain a very solid customer base.
For example, companies use different market research programs to gauge customer sentiment, gain competitor insights, fix brand perception, create, to name a few.
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Marcellos pizza charges a base price of $13 for a large pizza, a 4-dollar delivery fee,plus $1. 50 for each additional toppinga. find a function that models the price of pizza with n toppings.
The function models the price of pizza with n toppings.
a) p=13+1.5n
b) n=(p-13)/1.5
c)The number of topping on pizza that cost p dollar.
d)n=(22-13)/1.5=6 i.e number of topping is 6.
A price is the amount of payment or compensation (usually non-negative) that one party gives to another party in exchange for goods or services. In some cases, the production price is given another name. If the product is a commercial "commodity", the payment for that product may be referred to as the "price". However, if the product is a "service", the product may have other names.
For example, the following diagram shows some situations. Commodity prices are affected by production costs, supply of desired items, and demand for products. Prices are either set by the monopoly or imposed on the company by market conditions. Other methods of estimating prices are common in many financial transactions.
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What are four critical project attributes that the project manager must integrate?
The four critical project attributes that the project manager must integrate.
powerful assignment control entails having the following attributes that are vital in turning into an effective assignment manager:
powerful communique capabilities.
strong leadership skills.
Accurate choice maker.
Technical understanding.
Inspires a shared vision.
Assignment management is the technique of leading the paintings of a team to reap all mission dreams inside the given constraints. This facts is normally defined in project documentation, created at the beginning of the development system. The number one constraints are scope, time, and budge.
A mission supervisor is accountable for the making plans, procurement, execution and finishing touch of a assignment. The challenge supervisor is in fee of the entire venture and handles everything involved, such as the task scope, handling the undertaking crew,
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In a small open economy with a fixed exchange rate, if the central bank tries to increase the money supply, then in the new short-run equilibrium?
Income will remain constant in the new short-run equilibrium.
What are small open economies and fixed exchange rates?A small open economy (SOE) is an economy that participates in international trade but is small enough in comparison to its trading partners that its policies have no effect on global prices, interest rates, or revenue.A fixed exchange rate, also known as a pegged exchange rate, is a type of exchange rate regime in which a monetary authority fixes or pegs the value of one currency against the value of another currency, a basket of currencies, or another measure of worth, such as gold.Relation between app open economy and fixed exchange rates:
A fixed exchange rate aids in the easy transfer of funds from one country to another. It aids smaller and developing countries in attracting foreign investment.If the central bank attempts to expand the money supply in a small open economy with a fixed exchange rate, income will remain constant in the new short-run equilibrium.Therefore, income will remain constant in the new short-run equilibrium.
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