If the Fed is too slow to react to a recession and applies an expansionary monetary policy only after the economy begins to recover, then .A. the economy will be more stable than if the Fed had not acted. B. the unemployment rate will be higher than if the Fed had not acted. C. the real GDP will be lower than if the Fed had not acted. D. inflation will be higher than if the Fed had not acted.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?