Building in jason accounting records
Jason Thompson purchased an office building 10 years ago for $780,000. The building was just appraised at $1.25 million. What value should be used for the building in Jason's accounting records? Support your answer.
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In the late 1990s a growing number of economist argued that world policymakers were focusing too much on fighting inflation. The economist argued that the technical level of potential output had risen. Show their argument using the AS/AD model.
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