Answer:
the Fed lowers interest rates during recessions and raises them during economic booms
Explanation:
Countercyclical monetary policy is a monetary policy used to work against any cyclical tendencies in order to slow down the economy when it is booming, and to stimulate economic activity then there is a recession.
Example of such policy is therefore a reduction of interest by the Fed during recessions and an increase of interest rate when there are economic booms.
<span>Benjamin Addai determined the following tax information: gross salary, $41,000; interest earned, $80; deductible IRA contribution, $1,075; personal exemption, $3,950; and itemized deductions, $6,200. Calculate Benjamin’s taxable income and tax liability filing single.</span>
Explanation:
Management is the process of organizing, commanding, coordinating and controlling administrative resources. When we talk about management accounting, we relate to a company's financial resources, which are essential for profitability, payments, investments, etc., that is, so that the business can flow effectively.
Therefore, it is correct to say that managerial accounting is the accounting for effective management because accounting is an instrument of control and management for organizing financial accounts and indexes, these being essential instruments in helping to better decision making in a period of time, giving subsidies for managers to adapt and anticipate negative financial situations for example.
