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enot [183]
2 years ago
14

It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find

Business
1 answer:
faltersainse [42]2 years ago
3 0

It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find budget deficit more attractive during recession.

<h3>What is budget deficit?</h3>

Budget deficit occur when the government spending or expenditure is more than the revenue.

It will be hard to institute fiscal policy based on the fact that  politicians will find budget deficit more attractive during recession in which on the other hand they will be unwilling to run budget surplus when their is  an expansion.

Therefore they will find budget deficit more attractive during recession.

Learn more about budget deficit here:brainly.com/question/26010226

#SPJ1

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Norton Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,500. The m
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The amount owed on the mortgage after the first payment will be a. $479,500.

Amount owed:

Amount owed=$480,000- [$4,500- ($480,000 x .10 x 1/12)]

Amount owed=$ 480,000 - ($4,500-$4,000)

Amount owed=$ 480,000 -$500

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Journal entry

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Debit Mortgage payable $500

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