shifts in aggregate demand affect the price level in a. the short run but not in the long run. b. the long run but not in the short run. c. both the short and long run. d. neither the short nor long run.

Answers

Answer 1

A shifts in aggregate demand affect the price level in the both the short and long run. The Option C is correct

What are effects of a shift in aggregate demand?

Basically, an aggregate demand refers to the measurement of the total amount of demand for all finished goods and services produced in an economy. It is expressed as total amount of money exchanged for those goods and services at a specific price level and point in time.

In the short run, a shifts in aggregate demand cause fluctuations in the economy's output of goods and services. In the long run, shifts in aggregate demand affect the overall price level but do not affect output.

In conclusion, as the policymakers influence an aggregate demand, they can also potentially mitigate the severity of economic fluctuations.

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Related Questions

zang hao believes that if iuiga can produce the financial results above, he should be able to sell the company for $5,000,000 at the end of year 5. if he desires to make 25% return on investment, what is the maximum amount of equity that he should invest in the company? explain/justify your answer.

Answers

The maximum amount of equity that he should invest in the company is $15,258,789

The maximum amount of equity =Sum of the Present Value of Cash flows Present Value of cash flow,

The maximum amount of equity=(Cash flow)/((1+i)^N) ,

i=Required Return,

i=25%=0.25 ,

N=Year of Cash Flow Base Year,

N =5 years,

Cash flow=$5,000,000

Equity is equal to total means minus its total arrears. These numbers can all be set up on a company's balance distance for a company. For a homeowner, equity would exist in the valuation of the habitat less any unsettled mortgage arrears or liens.

[tex]Equity = total assets-total liabilities[/tex]

The maximum amount of equity= [tex]Cash flow *(1+i)^{N}[/tex]

                                                    = $5,000,000*[tex](1+0.25)^{5}[/tex]

                                                    =$5,000,000*3.05175

                                                    =$15,258,789

Therefore, the maximum amount of equity that he should invest in the company is $15,258,789

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davis corporation reported the following financial data for one of its divisions for the year; average assets of $490,000; sales of $990,000; and income of $113,000. the investment turnover is:

Answers

Investment turnover is solved for by dividing sales by average invested assets, Investment Turnover = Sales / Average Invested Assets, Investment Turnover = $990,000 / $490,000 and Investment Turnover = 2.02.

How does investing work?

An asset or item purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on.

How do newbies invest?

By depositing funds into an online investment account, which can then be used to purchase shares of stock or stock mutual funds, beginners can learn how to invest in stocks in one of the finest ways possible. You can open a brokerage account and begin investing with as little as one share.

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f public utilities are a natural monopoly, what would be the danger in splitting them into a number of separate competing firms?

Answers

Separating them has the risk of forcing businesses to shoulder the expenditures, as well as having an influence on roadways.

What is a "monopoly simple definition"?

When there is just one seller in the market, this situation is referred to as a monopoly. In traditional economic theory, the monopolistic situation is seen as the complete antithesis of perfect competition.

What causes monopolies to form?

Some of the sources of monopoly power include economies of scale, geographic advantages, high entry costs, restricted ownership of key inputs, and governmental restrictions like exclusive franchises, licensing and certification requirements, and patents.

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the purchase of goods and services, the sale of goods and services to customers, and costs to operate the business are all reported on the statement of cash flows under?

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the purchase of goods and services, the sale of goods and services to customers are all reported on the statement of cash flows under Operating activities.

The tasks a company performs that are directly relevant to offering its products and/or services to the market are referred to as operating activities. A product or service is manufactured, distributed, marketed, and sold. These are the company's primary commercial activities.

The majority of an organization's cash flow often comes from its operating operations, which also heavily influences its profitability. Cash receipts from sold goods, employee paychecks, tax payments, and payments to suppliers are a few typical operating activities.

The income statement and cash flow statement, in particular, can be found on a company's financial statements.

Operating activities are different from investing and finance activities, which are corporate tasks unrelated to the delivery of goods and services.

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A goal of management is to increase a company's ______, while a goal of labor unions is to provide a fair share of profits to their ______. Multiple choice question.

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A goal of management is to increase a company's profit, while a goal of labor unions is to provide a fair share of profits to their members.

What is the  goal of management?

Management teams can be described as the team that do helkp to seek for the balance between maximizing profits and promoting a beneficial workplace for employees.

It should be noted that they help in the process of maximizing profits  as well a working with various departments  like the accountants, supervisors departmebnts as well as the executives  so as to be able determine areas that require improvements and changes.

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blue panda has preferred stock that pays a dividend of $8.00 per share and sells for $100 per share. it is considering issuing new shares of preferred stock. these new shares incur an underwriting (or flotation) cost of 2.30%. How much will Blue Panda pay to the underwriter on a per-share basis?

Answers

Blue panda Pay to the Underwriter = Selling Price Per Share × Underwriter Cost  $2.3 per Share.

According to the scenario, computation of the given data are as follows:

Dividend paid = $8 per share

Selling price = $100 per share

Underwriting cost = 2.30%

We can calculate the amount pay to the underwriter by using following formula:-

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders.

Blue panda Pay to the Underwriter = Selling Price Per Share × Underwriter Cost

= $100 × 2.30%

= $2.3 per Share

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Excessive ______ was cited as a key contributor to the 2008 subprime mortgage crisis and subsequent bailout of large banks.

Answers

Answer: Borrowing

Explanation: Falling home prices in the United States and an increasing number of debtors unable to repay their loans

how do wage flexibility and downward wage rigidity affect the extent of unemployment in the economy when the demand for labor​ falls?

Answers

Wage flexibility and downward wage rigidity is Limited & Amplified.

Why is wage flexibility crucial?

By keeping current positions during economic downturns and raising pay during economic expansions, wage flexibility helps to reduce unemployment. Therefore, a clear objective of public policy should be pay flexibility. By wage rigidity, we mean that wages only change on a yearly or longer period to reflect the marginal output of work. We define wage flexibility as the semi-annual or more frequent adjustment of wages to the marginal product of work.

What are the drawbacks of being a wage worker?

Some employees may not like working for a pay since they might want the flexibility to change or omit shifts. Salaries for non-exempt workers may result in violations of the wage-and-hour laws. Employees that are FLSA non-exempt must be paid overtime, thus you must keep track of their working hours.

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Anna took out a $10,000 loan to pay tuition fees. How much will she owe after one year, if she does not make any payments and her bank charges 10% annual interest, compounded semiannually?
11,000
11025
11075
11200
11250

Answers

The amount Anna will owe if she doesn't make any payments and her bank charges 10% annual interest compounded semiannually = $11,025

Option B is correct .

What is simple interest?

Simple interest is a quick and easy way to calculate interest on a loan. Simple interest is the daily interest rate multiplied by the principal multiplied by the number of days until the next payment. This type of interest is typically applied to auto and short-term loans, but some mortgages use this method of calculation.

Evaluating the simple interest :

Compound interest is calculated on the principal plus interest already accrued.

Balance= P[tex](1+r/n)^{t}[/tex]

, where

P = Principal,

r = Interest rate (in %),

n = number of times per year,

t = number of years.

Calculate the simple interest given terms, add it to the principal,

Calculates simple interest and adds it to the principal,

Simple interest = Principal Amount x Interest Rate x Time

                      Simple interest = 10,000 x 10/100 x 1

                                  Simple interest = 10,000 x 1/10

                                        Simple interest = 1000

Now add simple interest to the principal amount to find the balance after one year.

                                     Balance = 10,000 + 1000

                                                 Balance = 11000

After compounding the interest, the balance after one year will be 11,000. Compound interest is only slightly more than simple interest,

Add 5% to the principal to find the balance after 6 months, then add another 5% calculated from the new balance.

Balance after 6 months = 10,500

Add 5% of 10,500:

                                             10,500 + 5%10,500

                                                = 10,500 + 525

                                                         = 11,025.

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damon has an important interview coming up. he is reviewing various ways to send positive nonverbal messages. what tips should he follow?

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He ought to heed the following advice.

Avoid chewing gum.Maintain a close ear.Make a real and impassioned pitch.

Explain in detail.

Body language, arm movements, and facial expressions are examples of non-verbal cues. Without words, it is about to feel.Communication that occurs nonverbally is as as important as verbal communication, if not more so. Throughout the interview, the interviewer will keep an eye out for nonverbal cues.Damon needs to make a good impression on the interviewer, thus he must employ positive nonverbal cues. He needs to listen intently and sound eager and sincere in order to have a positive effect.He should never stand with his hands in his pockets, cross his arms, or chew gum because these actions are signs of disdain.

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Which set of motives deals with our need to determine who or what causes the things that happen to us?A. need for consistencyB. need for attributionC. need to categorizeD. need for objectificationE. need for autonomy

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Need for attribution set of motives deals with our need to determine who or what causes the things that happen to us.

The concept of attribution refers to how people classify the sources of their daily experiences as either internal or external. Attribution theory describes the models used to describe this process. In the early 20th century, Fritz Heider's work marked the beginning of psychological study into attribution. Heider was the one who initially popularized the idea of perceived "locus of causation" to describe how one perceives their surroundings.

For instance, an event may be interpreted as being the result of external  forces or as the result of the person's own actions (internal). These early impressions are known as attributions.

Hence the correct option is B

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trio co. reported that maintenance and normal repair costs are expensed as incurred. if trio's current year machinery and equipment repair costs are $8,200, which accounts would be impacted to complete the journal entry? (check all that apply.)

Answers

-Credit Cash

- Debit Repairs expense

The journal entry is as follows

Repairs a/c   DR.           8200

          To Cash a/c                   8200

The cash will be deducted and there will be addition in repairs expense account.

What is journal entry?

A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.

Types of journal entry

Opening entries. Transfer entries.Closing entries. Adjusting entries. Compound entries.Reversing entries

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the unemployment insurance the opportunity cost of looking for a new job and therefore the job search process

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Enhanced unemployment benefits Reduce the opportunity cost of searching for a new job in order to prolong the hiring process.

How long can you stay unemployed before getting a job?

Although 10 states offer less weeks and two offer more, most states' workers are eligible for up to 26 weeks of benefits under the standard, publicly financed unemployment compensation program. No state triggers the Extended Benefits (EB) program. Immediately after losing your job, you should get in touch with your state's unemployment insurance program. Typically, the state where you worked is where you should file your claim. Certain details, such the addresses and dates of your previous employment, will be requested of you when you submit a claim.

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The package shipping industry is dominated by a few large competitors: US Postal Service, Fedex, and UPS. This is an example of __________.
A. Pure competition
B. Pure monopoly
C. Monopolistic competition
D. Oligopolistic competition

Answers

The correct response is D. Oligopolistic competition. The package shipping industry is dominated by a few large competitors: US Postal Service, Fedex, and UPS. This is an example of Oligopolistic competition.

Another example of an oligopoly is the production of automobiles, where Ford (F), GM, and Stellantis are the top three producers (the new iteration of Chrysler through mergers). An oligopolistic market (also known as an oligopoly) is characterized by the dominance of a small number of businesses that provide comparable products and services over a large number of others. In an oligopolistic market, there are few competitors, which limits competition and enables every firm to thrive. A circumstance where there are just a few competitors (of items that can be differentiated, but not much); each competitor has a sizable share of the market and cannot afford to ignore the other competitors' actions.

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alex shows up for work on time each day and is accountable and responsible. this best exemplifies someone who measures high for which big five trait?

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Alex shows up for work on time each day and is accountable and responsible. This best exemplifies someone who measures high for which big five traits: Conscientiousness

Accountable way obligated to give an explanation for, justify, and take duty for one's movements, and to answer to someone, including a person with more authority. The kingdom of being accountable is accountability. The phrase accountable is often used inside the context of people taking duty for their moves.

A great instance of accountability is when you are targeted at achieving your desires and obligations. if you're capable of limiting distractions and pressures, you are a hit in accomplishing your dreams efficaciously. moreover, whilst your crew sees this, you are putting a great example for them. You construct a sturdy painting ethic for your group.

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bob bryan made deposits of $10,000 at the end of each quarter to lion bank, which pays 8% interest compounded quarterly. after 9 years, bob made no more deposits. what will be the account’s balance 4 years after the last deposit?

Answers

The account's balance 4 years after the last deposit will be of:

$713,771.24.

What is the future value formula?

The balance of an account is obtained by the equation presented as follows:

[tex]B = \frac{P\left(\left(1 + \frac{r}{n}\right)^{nt}-1\right)}{\frac{r}{n}}[/tex]

The meaning of each parameter is given as follows:

P is the periodic payment.r is the interest rate.n is the number of yearly compoundings.t is the time in years.

To obtain the balance at the end of the nine years, the values of these parameters are given as follows:

P = 10000, n = 4, r = 0.08, t = 9.

Hence the balance after nine years is given as follows:

[tex]B = \frac{P\left(\left(1 + \frac{r}{n}\right)^{nt}-1\right)}{\frac{r}{n}}[/tex]

[tex]B = \frac{10000\left(\left(1 + \frac{0.08}{4}\right)^{4 \times 9}-1\right)}{\frac{0.08}{4}}[/tex]

B = 519943.67.

What is compound interest?

The balance, in compound interest, after t years, is given by:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

In which the parameters are given as follows:

P is the principal, which is the value of deposit/loan/....r is the interest rate, as a decimal value.n is the number of times that interest is compounded per year, annually n = 1, semi-annually n = 2, quarterly n = 4, monthly n = 12.

Taking the balance at the end of the 9th year to obtain the balance at the end of the 13th year, the values of the parameters are given as follows:

P = 519943.67, r = 0.08, n = 4, t = 4.

Hence the final balance of the account is of:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

[tex]A(4) = 519943.67\left(1 + \frac{0.08}{4}\right)^{4 \times 4}[/tex]

A(4) = $713,771.24.

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the contract of the american federation of musicians labor union calls for additional payments when any national commercial runs beyond an initial cycle of how many weeks?

Answers

The contract of the american federation of musicians labor union calls for additional payments when any national commercial runs beyond an initial cycle of 13 weeks.

Every AFM member who worked on the original project receives an additional payment for the continued usage of that music beginning with the 14th week, for a total of $1,050 every 13-week cycle. Musicians who are fortunate enough to acquire this type of job make a lot of money over the years because national association of advertising and their customers are used to paying these prolonged use fees. However, when non-union parties are involved, extended use and reuse payments are frequently avoided at the local and regional levels. One of the most important work of AFTRA is to obtain payment for each use of it's member's work.

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which of the following business segments would not be considered a cost center? multiple choice question. accounting department manufacturing facilities personnel department retail outlet

Answers

The Retail operating segment is not considered a cost center.

A cost center is a function within an organization that contributes to an organization's costs rather than directly contributing to its profits. This is different from a profit center, which directly contributes to the company's profits.

Examples of cost centers are the legal and accounting departments. Retail is not a cost center because it deals with the buying and selling of inventory. Therefore, it directly contributes to the benefit of the organization.

A retail trade within the meaning of the Employment Standards Act (ESA) is a business that sells goods or services to the public.

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chapter 11 true or false: both public and private colleges measure and report most transactions in a similar manner.

Answers

Answer:

Yes, it is true in both public and private colleges measure and report most transactions in a similar manner.

Explanation:

While private institutions (like other not-for-profits) adhere to FASB standards, public colleges and universities follow GASB accounting rules. This distinction used to make a big difference because general-purpose governments and public institutions both utilised various monies.

Nowadays, the majority of public universities and colleges report as special-purpose governments carrying out commercial-type activities. They could show up as separately presented state government departments. Their financial statements closely resemble those of enterprise funds and measure events using the accrual method of accounting with an emphasis on economic resources.

As a result, the majority of transactions are measured and reported similarly by both public and private institutions.

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2.what were the good steps/practices in implementation process for the mirabel roll-out and what steps/practices needed improvement?

Answers

Having the proper business processes in place to continuously drive progress toward your objective and adjust is essential for plan implementation.

What does a best practise procedure entail?

A standard or set of recommendations recognised to result in positive results when followed are referred to as best practises. The best practises relate to the execution or configuration of a task.

What does "implementation process" mean?

Process implementation is the strategic method for assisting a company to embrace new practises. Businesses introduce new procedures for a variety of reasons, including task simplification, productivity enhancement, error reduction, or business expansion.

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bob is an office manager with a financial company. his company recently announced that it will soon implement a flextime plan. under this new system, bob is likely to find that

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Bob works as an office manager for a financial firm.Tony is likely to discover that, under this new system, he will be required to work longer hours.

They handle correspondence, complaints, and inquiries. composing letters, reports, and presentations supervising and monitoring administrative staff work Invoice processing and office budget management establishing and maintaining procedures/administrative systems in the office

To succeed in an office management position, you must have excellent communication skills. It aids in the avoidance of errors, the resolution of conflicts, and the provision of clear instructions. Managers are frequently in charge of a specific area of the business. This necessitates a number of meetings, including operational, 1:1 team meetings, project-specific, strategic, and ad-hoc meetings.

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1. Working from the table above, if Patricia wants to expand output from 450 web pages per month to 525 web pages per month her average cost per web page will go from ______________ to ______________.
Product
100
220
350
450
525
550
570
area
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
$5,000
acre
Need
Ceca EL)
$3,000
$ 6,000
$ 9,000
$ 12,000
$ 15,000
$ 18,000
$21,000
Total
$5,000
$ 8,000
$ 11,000
$ 14,000
$ 17,000
$ 20,000
$ 23,000
$ 26,000
Marginal
Cost
$30
$25
$23
$30
$40
$120
$150

Answers

If Patricia wants to expand her output then her average cost per month for web page will go from 37.77 to 38.09.

Using the average cost formula,

Average cost = [tex]\frac{Total Cost}{Number of units}[/tex]

In case 1, where the output is 450 web pages

Average cost = [tex]\frac{17000}{450}[/tex]

= 37.77

In case 2, where the output is 525 we pages

then the average cost will be,

average cost = [tex]\frac{20000}{525}[/tex]

= 38.09

By dividing the total cost by the quantity of a good or service provided, the average cost, sometimes referred to as unit cost, is determined in economics. The average cost has a significant impact on how much firms charge for their products. Both fixed and variable costs are included in the overall cost of an enterprise. A metric that businesses can use to assess their profitability is the average cost. The average cost shows how a unit's manufacturing and sales costs and selling price relate to one another. The average cost shows how a unit's manufacturing and sales costs and selling price relate to one another. Businesses can better assess their long- and short-term profitability by using average costs.

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when prices are falling, economists say that there is a. deflation. b. inflation. c. a contraction. d. an expansion

Answers

Prices are falling, economists say that there is a deflation .

Economists take a look at the manufacturing and distribution of sources, items, and offerings through gathering and reading information, gaining knowledge of developments, and comparing economic issues.

A person with an economics diploma will find that they may be employable in many regions, irrespective of the precise industry that they'll paintings in. There is strong demand for graduates with understanding of economics throughout the worldwide hard work marketplace.

You are probable to require an undergraduate degree in economics or a related problem, which include facts, mathematics, enterprise research or finance and accounting. some employers may require you to hold a postgraduate grasp's degree in economics.

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Arrange the following investments from lowest historical risk premium to highest historical risk premium.1. U.S. Treasury Bills2. Long-term corporate bonds3. Large-company stocks4. Small-company stocks

Answers

Following investments from lowest historical risk premium to highest historical risk premium is U.S. Treasury Bills, Long-term corporate bonds, Large-company stocks, Small-company stocks.

What are Treasury Bills?

Treasury bills, often known as T-bills, are short-term debt securities issued by the Government of India and are now available in three tenors: 91 days, 182 days, and 364 days. T-bills are money market instruments. An investor is making a loan to the government when they purchase a Treasury Bill. The US government needs the funds to service its debt and cover ongoing costs like wages and military supplies. T-Bills can be purchased in denominations starting at $1,000 (the norm) and going as high as $5 million. Let's use an investor buying a $1,000 T-Bill with a $950 competitive bid as an example. The investor receives $1,000 when the T-Bill matures, earning $50 in interest on their original investment.

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which of the following is true? multiple choice forward contracts have no default risk. futures contracts require an initial margin requirement be paid. forward contracts are marked to market daily. forward contract buyers and sellers do not know who the counterparty is. futures contracts are only traded over the counter.

Answers

A true statement on forwards and futures is that B. futures contracts require an initial margin requirement be paid.

What are futures contracts ?

A futures contract is a binding commitment to buy or sell a certain commodity asset, securities, or both at a defined price at a predetermined future date. For the purpose of facilitating trading on a futures exchange, futures contracts are standardized for both quality and quantity.

When purchasing a futures contract, the buyer assumes the responsibility for purchasing and receiving the underlying asset at the contract's expiration. The underlying asset must be available and delivered by the futures contract seller by the expiration date.

A margin would need to be paid on a futures contract called an initial margin requirement.

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there are four suppliers in the packed meals market. the quantity of packed meals that each one is willing to supply per week at various prices is provided in the accompanying table. what is the change in the market supply for packed meals when the price rises from $6.25 per meal to $6.50 per meal? the quantity supplied in the market rises by 132,000. the quantity supplied in the market falls by 165,000. the quantity supplied in the market rises by 152,000. the quantity supplied in the market falls by 132,000.

Answers

when market supply for packed meals the price rises from $6.25 per meal to $6.50 per meal, the quantity supplied in the market rises by 152,000.

What is the market supply?

The amount of a product that producers are willing and able to sell in total, at various prices, over a specific time period, such as one month, is known as the market supply. A market supply curve, or supply curve for an industry, is the horizontal sum of all the supply curves for each distinct firm.

By adding the individual supply from each company operating in the market, we calculate the market supply. Similarly, we add up the own supply functions of each producer to determine their functions. The total supply in the market is equal to 1000 units if there are ten producers and they each produce 100 units of output.

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describe and differentiate between a compliance-based approach and an integrity-based approach to leadership. which approach is preferred? justify your response.

Answers

A compliance-based approach is formal and cannot be voilated but and an integrity-based approach to leadership  focus on self-control.

Compliance-based approach elaborate formal rules that people opt to adhere to or decline and commit a violation. Whereas, integrity programs specialise in self-control and an inside control operation created of the 2 elements ethical|of ethical} judgment and moral character.

A compliance-based approach is so an approach aimed toward building moral organizations supported the interference, detection, and social control of violations of existing laws. The compliance-based ethics program is one amongst 2 approaches usually enforced by organizations.

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if dividends of 74,800 were in arrears on preferred stock, what would be the balance reported for retained earnings

Answers

The balance reported for retained earnings would be $520000 i.e there would be no change in the retained earnings balance as the dividends were in arrears and not been declared,therefore we can not deduct arrears of dividend from retained earnings.

Balance reporting is a report through a financial institution to a customer, usually a company or agency, informing the patron of the balances in their debts. person clients can also request stability reviews, but balance reports for company and organizational customers are typically a whole lot greater complicated.

A balanced record is one that discusses all points of view of a specific tale and then leaves it to the readers to make up their minds.

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A company has just finished brainstorming around fifty names for its new product line. What are the next two steps it needs to take in the name development process?.

Answers

Eliminate offensive names, then check for domain and social media accessibility.

How can a business or brand develop devoted customers who will keep utilizing its goods or services or make repeat purchases?

build promos and loyalty programs that inspire consumer action. Features that may be seen or touched, such as design, symbols, and client touch points.

What are two factors that are frequently utilized to identify successful brands?

Five standards must be met for a brand naming process to be successful: be specific to the business and/or product, communicate unmistakable benefits to key audiences, inspire employees and stakeholders, be long-lasting, and be applicable to all company communications.

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In cell C6, enter a formula that multiplies the value in C5 for the month of January by the value in cell B6. Use a mixed reference for the cell B6 so that only column B does not change when copied. Use relative reference for all other cell references
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Answers

Formula in cell C6 = C5*$B6

Enter a formula in cell C6 that multiplies the value in C5 for Atlanta city by the value in cell B6. Make cell B6 a mixed reference so that only column B changes when copied.

A mixed reference is one that contains both absolute and relative references. The symbol $ denotes an absolute reference. $B6 indicates that column B is locked, which means that it cannot be changed when the formula is copied. And C5 is a relative reference, implying that no absolute reference is used.

When the formula is copied, the row and column numbers change depending on which cell the formula is copied to. And for B6, the column remains constant, i.e. B does not change, while the row changes depending on the cell to which the formula is copied.

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