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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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The debt ratio is calculated by dividing the Total Liabilities by Total Assets. We are asked to calculate the debt ratio at the end of the year, hence we need to take year-end values for Total Liabilities and Total Assets.

We are given the Total Liabilities at the beginning of the year $175,000 and there is no change in the liabilities given, hence we can say that Total liabilities at the end of the year shall remain same = $175,000

We are given Total Assets at the end of the year are $260,000


Debt ratio = Total Liabilities / Total Assets = 175000/260000 = 0.673


Hence debt ratio at the end of the current year shall be <u>0.673</u>




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What is drill-down capability?a. Involves the aggregation of information and features simple roll-ups to complex groupings of in
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Answer:

The journal entry is as follows:

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