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Natali [406]
1 year ago
11

Cost-push inflation will reduce supply and lower real output and employment which will eventually generate an economic _____ qui

zlet
Business
1 answer:
monitta1 year ago
8 0

Cost-push inflation will reduce supply and lower real output and employment which will eventually generate an "economic recession".

<h3>What is economic recession?</h3>

The National Bureau of Economic Research (NBER) describes a recession as "a large fall in economic activity distributed across the economy, lasting more than a few months."

Some characteristics of economic recession are-

  • Recessions are marked drops in economic activity that can endure for several months or even years.
  • When a country's economy faces negative gross domestic product (GDP), growing unemployment, declining retail sales, and contraction income and manufacturing metrics over an extended period of time, experts declare a recession.
  • Recessions are regarded as an inevitable component of the economic cycle, or the predictable rhythm of expansion and recession in a country's economy.
  • The organisation bases its decision on a variety of variables, such as GDP, real income, employment, industrial production, and consumer spending.

To know more about economic recession, here

brainly.com/question/1417711

#SPJ4

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a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.
NemiM [27]

This action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

Read more on brainly.com/question/23306803?referrer=searchResults

3 0
3 years ago
Choose the option that best matches the description given.
Firlakuza [10]

I think it is product

5 0
3 years ago
Read 2 more answers
A business issued a 90-day, 9% note for $70,000 to a creditor on account. Illustrate the effects on the accounts and financial s
SSSSS [86.1K]

Answer:

The computation is shown below:

Explanation:

The journal entries are shown below:

a. Account payable $70,000

           To Notes payable $70,000

(Being the issuance of the note is recorded)

b. Note payable $70,000

  Interest expense $1,575

              To Cash $71,575

(Being the payment of the note at maturity date including interest is recorded)

The computation is shown below:

= $70,000 × 9% × 90 days ÷ 360 days

= $1,575

We assume 360 days in a year

Now the effects on the accounts and the financing statement for issuance of the note is shown below:

Balance sheet

Assets          =   Liabilities   + Stockholder equity    Income statement  cash flow statement

No effect = Account payable - $52,000 + No effect  No effect + no effect

                   Note payable + $52,000      

7 0
3 years ago
What do capital controls prevent?
ch4aika [34]

Answer:

What do capital controls prevent?

Speculators from rushing into and out of a country's market and

disrupting its economy.

Explanation:

Capital control entails when a body that regulates money in a country controls the cash inflow and outflow

6 0
3 years ago
Read 2 more answers
Ratification occurs when the principal accepts responsibility for the agent's acts. For ratification to be valid, the agent must
Zinaida [17]

Answer:

The answers are : unauthorized, identified, facts, affirm, authorization, withdraws, observe.

Explanation:

Ratification occurs when the principal accepts responsibility for the agent's unauthorized acts. For ratification to be valid, the agent must have acted on behalf of an identified principal, that principal must know all of the material facts , must affirm the agent's act in its entirety, and must have the legal authorization to ratify the transaction both at the time the agent engages in the act and at the time the principal ratifies it. The principal's ratification must occur before the third party withdraws from the transaction, and the principal must observe the same formalities when ratifying the act as would have been required to authorize it initially.

5 0
3 years ago
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