Answer:
Officially, the Great Recession lasted between December 2007 and June 2009, but it certainly seemed longer.
The economy crushed property and stock markets, destroyed $18.9 trillion of household wealth and destroyed over eight million jobs.
Explanation:
In December 2007, the Great Recession came to an end in June 2009, making the Great Recession the longest since World War II. The Great Recession was extremely extreme in a number of ways. Actual GDP decreased by 4.3% in 2009Q2, the biggest decline in the post-war era (based on the data of October 2013), as from its peak in 2007 Qu4. The figure was 4.3%. In December 2007, the unemployment rate was 5%, rising to 9.5% in June 2009 and a high of 10% in October 2009.
Simultaneously, the financial consequences of the Great Recession had outsized: the average home prices decreased by about 30 percent from the middle of 2006 to mid-2009, while the S&P 500 index decreased by 57 percent from its high in October 2007. Net values for US households and non-profit organizations dropped to $55 trillion in 2009, from a high of approximately $69 trillion in 2007.
a checklist should be based off of past problems.
Hope this helps !
Answer:
Debit Accounts receivable 7,200
Credit Sales 7,200
Debit Cost of Merchandise Sold 3,950
Credit Merchandise Inventory 3,950
Explanation:
When Corbit corps sells merchandise on account it means that cash was not received for the transaction. So we debit accounts receivable (an asset account to indicate increase in amount receivable by us). A credit is now passed to sales to show increased sales.
On merchandise we debit cost of merchandise sold and credit Merchandise inventory (an asset account is credited to indicate reduction) to indicate merchandise has reduced.
Answer:
I can't provide a definite answer (apologies), but I can definitely say that the answer is narrowed down to where it's either A or D.
Explanation:
Answer:
The supply of airline flights decreased.
Explanation:
The market price of airline flights has increased. The increase in the price of jet fuel is said to be the reason behind this. An increase in the price of fuel will increase the cost of production for flights.
This increase in cost will cause the supply to decrease. As a result, the supply curve will move to the left.
This leftward shift in the supply curve will consequently cause the price to increase.
