Answer:
a. Decrease liabilities and decrease assets
Explanation:
First option "Decrease liabilities and decrease assets" is the correct option as far as only payment part of Journal entry is concerned.
Since Dividend is declared on 15 July on That date entry would have been:
Shareholder's Equity........Dr
To Dividend Payable(Liability) A/c......Cr
Then, on Payment date i.e. 15 august entry would be:
Dividend Payable(Liability)A/c.......Dr
To cash/Bank A/c..........Cr
Therefore, Liability is Decrease also asset is decreased on 15th August, 2020.
Answer: expected; expected
Explanation:
The Phillips curve is an economic concept whereby it is stated that there is a stable and inverse relationship between inflation and the unemployment in an economy.
According to this theory, inflation is as a result of economic growth and this will lead to reduction in unemployment.
There is a different short-run Phillips curve for every level of the expected inflation rate. The inflation rate at which the short-run Phillips curve intersects the long-run Phillips curve equals the expected inflation rate.
Answer: $300 billion
Explanation:
The real deficit that a Government has is one that has been adjusted for inflationary effects. It is calculated by subtracting the inflation rate times the total debt from the nominal deficit.
= Nominal deficit - (Inflation rate * Total debt)
= 1.5 trillion - ( 10% * 12 trillion)
= 1.5 trillion - 1.2 trillion
= $300 billion
Answer:
D) a rise in price
Explanation:
At the equilibrium point, the quantity demanded and the quantity supplied are the same. There is no excess shortage or supply in both demand and supply.
A shortage occurs when suppliers are not able to meet the market demand. Here, demand is the quantity that buyers are willing to buys at a specific price over time. As per the law of demand, high product price causes demand to decrease while low price results in increased demand.
A shortage of a product means its demand is high. Many buyers are willing to buy the commodity at the current price. As per the law of demand, a price increase will result in reduced demand and achieve equilibrium.
