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Lana71 [14]
2 years ago
11

The economy is experiencing a recession combined with inflation. the self-correction school would say the proper response is to_

____
Business
1 answer:
Alisiya [41]2 years ago
8 0

The economy is experiencing a recession combined with inflation. The self-corrected school would say the proper response is to <u>do nothing</u>.

The first aspect that happens at some point in a recession is the financial system slows down. This means that businesses are producing less, and consumer spending is down. This will cause layoffs, as corporations try to cut costs. during this time, there's a significant decline in the demand for items and offerings.

Inflation is the rate of increase in costs over a given period of time. Inflation is normally an extensive measure, along with the general boom in costs or the increase in the value of residing in a country.

Inflation is a measure of the rate of rising costs of goods and services in a financial system. Inflation can occur whilst fees rise due to increases in production expenses, which includes raw substances and wages. A surge in demand for services and products can reason inflation as purchasers are willing to pay more for the product.

Learn more about recession here brainly.com/question/20597683

#SPJ4

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To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for, Multiple choice question
EleoNora [17]

To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;

  • Rent expense is debited, prepaid rent is credited

<h3>Prepaid rent account</h3>

A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.

On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.

Read more on prepaid rent account;

brainly.com/question/1202504

6 0
2 years ago
A bachelors degree in which of the following areas is a good choice for an arts an communication manager?
Alenkasestr [34]
Answer: A) Business.

I hope this helped :)
5 0
3 years ago
Madison Finance has a total of $20 million earmarked for homeowner loans and auto loans, where x is homeowner loans in millions
Deffense [45]

Answer:

Ans. Car loans must be $4,000,000 and Home loans $16,000,000 in order to use all the conditions in the problem. Return= $2,000,000

Explanation:

Hi, well, you need to make sure to get as many car loans as the conditions of the problem allows you, since it returns 14%.

I used MS Excel solver to find this result, please download the excel spreadsheet attached to this answer.

Best of luck.

Download xlsx
7 0
3 years ago
Paying attention to the trends that might impact your future career is called
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5 0
3 years ago
Beth is a retired teacher who lives in dallas and does some consulting work for extra cash. at a wage of $40 per hour, she is wi
Ipatiy [6.2K]
Price Elasticity of Supply. The price elasticity of supply is calculated as the percentage change in quantity divided by the percentage change in price.
 Using the Midpoint Method
 PES = ((Q2-Q1) / ((Q2 + Q1) / 2)) / ((P2-P1) / ((P2 + P1) / 2))
 PES = (((10) - (7)) / (((10) + (7)) / 2)) / (((50) - (40)) / (((50) + (40)) / 2))
 PES = 1.59
 the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
 In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
 answer:
 the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
 In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
4 0
4 years ago
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