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KIM [24]
2 years ago
14

When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to

stimulate the economy. to do this, his administration cut taxes and invested government money in job-creation programs. it seemed to work. in the eight years that reagan was president, the unemployment rate fell from 7.5 percent to 5.4 percent. during that same period, inflation dropped from 12.5 percent to 4.4 percent. which of these economic concerns was related to the achievements described in the passage? "baby boomers" did not want the jobs that had been created by government. reagan "froze" wages and prices to accomplish this economic recovery. inflation and unemployment rates declined, but stagflation did not. the nation’s deficit rose greatly as inflation and unemployment fell.
Business
1 answer:
Natali [406]2 years ago
4 0

The nation’s <u>deficit rose </u>greatly as<u> inflation</u> and <u>unemployment</u> <u>fell</u> was an economic concern that was related to the achievement described in the passage.

<h3>What were the economic concerns in the passage? </h3>

The passage explains that with the fall in tax revenue of the government and higher spending on<u> employment programs</u>, the federal deficit started to rise.

However, after some years, it could be seen that many businesses gained growth from government spending and created jobs with decreasing inflation rates.

Learn more about economic concerns here:

brainly.com/question/10203871

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Answer:

True

Explanation:

Whenever a company sells products that may generate warranty expenses, it must estimate the warranty expenses associated with the products sold.

It must credit a warrant liability account, and as the warrant claims are made, the company must debit a warranty expense account.

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3 years ago
Would you recommend that Apple raise or lower its price for the iWatch to increase​ revenue?
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I would recommend it lower its price.

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What are welfare payments or consumer studies?
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On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this in
Neporo4naja [7]

With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.

<h3>What is an income statement?</h3>

An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.

Rent expenses = $2,400 prepaid rent / 12 months

Rent expenses = $200 per month

Rent expenses = $200 rent expense per month x 5 months (in Year 2)

Rent expenses = $1,000 rent expense

In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.

Read more about income statement

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