Answer:
-6.7 %; Hurt
Explanation:
1. Calculate Maddie's inflation adjusted income

Maddie should be earning $37 500 in 2013 just to keep up with inflation.
2. Calculate the percent change in Maddie's real income.
Maddie is "real" salary is only $35 000.

The percent change in Maddie's real income is -6.7 %.
Maddie was certainly hurt by this inflation.
Answer:
<u>The proportion of women who ran the marathon and had a finishing time less than Kathy's is 66% (rounding to the next whole)</u>
Explanation:
1. Let's review the information given to us to answer the question properly:
μ of finishing time for women = 259 minutes
σ of finishing time for women = 32 minutes
Finishing time for Kathy = 272 minutes
2. What proportion of women who ran the marathon had a finishing time less than Kathy's? Show your work.
Let's calculate the z-score for the finishing time for Kathy, as follows:
z-score = (272 - 259)/32
z-score = 13/32 = 0.41 (rounding to the next hundredth)
Using the z-table, now we can calculate the proportion of women who ran the marathon had a finishing time less than Kathy's:
p (z=0.41) = 0.6591
<u>The proportion of women who ran the marathon and had a finishing time less than Kathy's is 66% (rounding to the next whole)</u>
Answer:
<h3>Economist Friedrich August Hayek propagated and believed in free market private investment. </h3>
Explanation:
Economist Friedrich August Hayek <u>propagated and believed in free market and private investment. </u>His economic model revolved around private entrepreneurship and capitalism.
Hayek advocated <u>against government intervention</u>. Therefore, he would most likely agree to private investment and private enhancement and disagree to governmental initiatives or interventions.
Agree: eliminate the minimum wage, decrease overall taxes, reduce import taxes on goods imported into the U.S. from japan, let prices naturally increase as resources become scarce.
Disagree: Increase government spending during economic turndowns to improve the economy, increase the money supply, pass a law requiring stricter emission standards for all cars, limit the price of gasoline, government creates jobs to employ the unemployed, government pays for all levels of education for every citizen.