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STatiana [176]
1 year ago
15

In 1971, under president richard nixon, the federal government passed legislation that "froze" wages and the prices of consumer

items. however, that did little to stop the increase in inflation or unemployment. what can you infer was behind nixon's decision to "freeze" wages and prices? workers would be willing to be paid less if it would help the economy. consumers would buy more if inflation continued to rise. inflation affects wages and prices, so freezing those would halt inflation. rising inflation would lead to improvements in unemployment.
Business
2 answers:
Tresset [83]1 year ago
5 0

Answer:C

Explanation:edge 2022

kicyunya [14]1 year ago
4 0

The idea behind Nixon's decision to "freeze" wages and prices was inflation affects wages and prices, so freezing those would halt inflation.

When the total demand (AD) exceeds the total supply (AS) of a given item or service in the market, this is referred to as inflation.

As a result, the cost of those goods and services rises. This occurs as a result of people having money, either through high government spending or from high incomes or low loan rates.

Nixon thus decides to maintain a specific level of prices and salaries in order to freeze employment. As a result, the population's purchasing power will be constrained, and prices will eventually balance out.

Read more about Inflation:

brainly.com/question/13865168

#SPJ4

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How does an increase in the price of laptop memory chips affect the market of laptops?
quester [9]

If the laptop supply curve shifts to the left, an increase in memory chip prices will have an impact on the market for laptops.

The relationship between product price and the amount of product a market seller is willing and able to supply is graphically represented by the supply curve in economics. The graph's vertical axis represents product price, and its horizontal axis represents the amount of the product supplied.

Since product price and quantity supplied are directly related, the supply curve is typically depicted as a slope rising upward from left to right. This marketrelationship depends on a number of ceteris paribus (other things being equal) conditions holding true. The number of sellers on the market, the supply curve level of technology, the cost of production, and the seller's price are a few examples of such factors.

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4 0
11 months ago
Global​ Enterprises, Inc. signed a oneminusyear $ 42 comma 000 note payable at 9​% interest on April​ 1, 2018. If Global only ad
Natasha2012 [34]

Answer:

the journal entry will be:

interest expense 2,835 debit

  interest payable      2,835 credit

--to record accrued interest --

Explanation:

April 1st,2018 42,000 promissory note

<u>accrued interest</u> from April 1st to December 31th (9-months)

principal x rate x time

we moth express rate and time on the same metric.

because the rate is annual; time should be expressed at portion of year 9/12

42,000 x 9% (9/12) = 2,835

the journal entry will be:

interest expense 2,835 debit

  interest payable      2,835 credit

3 0
3 years ago
Sub to to thunderoflight PLSSSSSSSSSSSSSSSSSSSSSS I NEED IT TO GROW MY CHANNEL I WILL GIVE BRAINLIST PLSSSSSSSSSSSSs
leonid [27]

Answer:

ok i will then

Explanation:

hope it has good content

4 0
2 years ago
Executives at Southwestern Construction have noticed that the company's construction team in the Phoenix office is more efficien
zimovet [89]

Answer:

The correct answer is (B)

Explanation:

Information is a significant resource for any organization, and it must be utilized to realize positive changes and further benefit. To engage different team will help the organisation to discuss databases, reports, records, documents, budget summaries, methodology, arrangements and it also helps to understand what other team are doing to get better results and what other things should be done to achieve efficiency

5 0
2 years ago
On March 1, it was discovered that the following errors took place in journalizing and posting transactions: a. The receipt of $
Kitty [74]

Explanation:

The Journal Entry is given below:-

a. Cash Dr,                   8400  

           Accounts receivable        8400

(Being the Cash received)

 

b. Supplies Dr,                2500  

           Office equipment         2500

(Being the reserve entry is recorded)

Supplies Dr,                             2500  

            Accounts payable           2500

(Being the supply is purchased)

7 0
2 years ago
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