Stagflation is the simultaneous occurrence of high unemployment and it accompanied by the rising of prices of goods and services, or inflation and a decline of Gross Domestic Product (GDP). Stagflation is an economic problem and this might lower the spending. There are two causes of stagflation based on theory: an economic phenomenon where the cost of oil rises and reduces the productive capacity and another one will be the result of poorly-made economic policies.
Answer:
Explanation:
The journal entry is shown below:
Land A/c Dr
To Cash A/c
To Note payable A/c $250,000
(Being the purchase of the land is recorded)
The computation is shown below:
The cash would be
= Cash paid + delinquent property tax paid + title insurance cost + emove an unwanted building cost
= $110,000 + $1,100 + $1,550 + $5,900
= $118,550
Answer:
yes I would agree why does this need to be 20 characters
Answer: Option (B) is correct.
Explanation:
Money supply changes from $1.10 trillion to $1.14 trillion
Percentage increase in money supply = 
= 3.636%
= 3.64% (approx.)
According to the quantity theory of money,
Money supply × Velocity = Price × output
Velocity and aggregate output is constant and if there is an increase in the money supply by 3.64% then as a result price level also increases by 3.64%.
0 thousands of the people would be unemployed at a $6 minimum wage. It is because at a wage of $6 per hour which is the minimum wage per hour <span>the quantity demanded of workers is higher than the quantity supplied of workers. The quantity demanded of the workers will be high than the quantity supplied of the workers.</span>
