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3 years ago

How does globalization impact the u.s. economy

Business

1 answer:

Neporo4naja [7]3 years ago

7 0

Answer:

The first of the three effects of globalization on the U.S. economy was the growth of multi-national corporations. Corporations were able to merge into other countries and reaped the many advantages and perks, such as increased bottom lines, cheaper labor, and relaxed regulations.

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If a Phillips curve shows that unemployment is high and inflation is low in the economy, then that economy:

Rasek [7]

Answer:

is producing at a point where output is less than potential GDP.

Explanation:

When the unemployment is high it is obvious that the economy is under its potential level but there is inflation case so we need to know the meaning of Philips Curve. The aggregate demand and aggregate supply model provides a simple summary of the possible outcomes proposed by the Phillips curve. The Phillips curve shows the combination of inflation and unemployment arising when the economy of the aggregate demand curve in the short run shifts along the short-term aggregate supply curve. Increased demand for goods and services will lead to higher prices in the short term and increased output of goods and services. Increasing output means increasing employment and lowering unemployment. In addition, the higher the rate this year, the higher the rate of inflation, no matter what the price level is in the past. Thus, the change in aggregate demand leads to short-term changes in inflation and unemployment rates, which is consistent with the dependence described in the Phillips curve. Monetary and fiscal policy tools are used to influence the aggregate demand curve, that is, to move the economy along the Phillips curve. Increasing money supply, government spending, or tax cuts move the aggregate demand curve to the right and drives the economy to a point where the Phillips curve corresponds to lower unemployment and higher inflation. Reducing money supply, government spending, or raising taxes will push the aggregate demand curve to the left, while the economy shifts to the point where Phillips curves with lower inflation and higher unemployment. In this sense, the Phillips curve offers policymakers a set of combinations of inflation and unemployment.

4 0

3 years ago

Hitzu Co. sold a copier costing $6,500 with a two-year parts warranty to a customer on August 16, 2018, for $13,000 cash. Hitzu

Marina CMI [18]

Answer and Explanation:

1. The computation of warranty expenses is shown below:-

Warranty expense in 2018 = Warranty for a customer × Rate of sales

= $13,000 × 6%

= $13,000 × 0.06

= $780

2. The computation of estimated warranty liability is shown below:-

As we have calculated in part 1 so it is same that is

Estimated warranty liability in 2018 = $780

3. The computation of Warranty expenses in 2019 is shown below:-

In 2019 no warranty expense is there so the correct answer is $0

4. The computation of estimated warranty liability is shown below:-

Estimated warranty liability = Warranty expenses in 2018 - Repairs cost

= $780 - $121

= $659

5. The Journal entries is shown below:

a. Cash Dr, $13,000

To Sales $13,000

(Being cash is recorded)

b. Cost of goods sold Dr, $6,500

To Merchandise inventory $6,500

(Being cost of goods sold is recorded)

c. Warranty expense $650

To Estimated warranty liability $650

(Being warranty expenses is recorded)

Estimated warranty liability Dr, $121

To Repair parts inventory $121

(Being warranty liability is recorded)

4 0

3 years ago

What is agriculture refer the attachment!

Hitman42 [59]

Agriculture describes the practice of growing crops and raising animals.

4 0

2 years ago

Alpha company anticipated unit sales of widgets are January, 5,000; February, 4,000; and March 8,000. Alpha consistently maintai

alexdok [17]

Answer:

1. 4,200 units

2.7,200 units

Explanation:

Prepare the Production Budget for January and February

January February

Budgeted Sales 5,000 4,000

Add Budgeted Closing Stock 3,200 6,400

Total Production Needed 8,200 10,400

Less Budgeted Opening Stock (4,000) (3,200)

Budgeted Production 4,200 7,200

Budgeted Opening Stock for January comes from 80% of closing inventory from December !

5 0

3 years ago

When total demand outpaces actual output in the economy, the economy usually enters?

alexandr402 [8]

The economy usually enters into DEMAND PULL INFLATION. This situation is usually describes as too much money chasing too few goods. Demand pull inflation is characterized by increase in the prices of goods and services, increase in real gross domestic product and decrease in unemployment.

8 0

3 years ago