The current rate of inflation exceeds the target inflation rate by 2% and there are no demand or inflation shocks to the economy. if latex: \bar{m}m ¯ = 0.25, latex: \bar{b}b ¯ = 0.5, and latex: \bar{v}v ¯ = 0.5, the change in inflation is equal to percent.

Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,000 from hopkins. on july 10, the entry or entries gideon makes to record the recovery of the bad debt is