Answer:
None of the other answers is correct.
Explanation:
Williams A. Phillips was a notable economist born in New Zealand. Phillips wrote a famous article titled "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957" published in 1958 by Economica. In the article, he used data for the United Kingdom (U.K) to illustrate on a graph, a negative or inverse relationship between the rate of change of employee wages in the U.K and the unemployment rate in the United Kingdom (U.K).
Consequently, using the Phillips curve it is practically impossible for policymakers to reduce both the inflation rate and the unemployment rate because as the inflation rate decreases; the unemployment rate increases and vice-versa.
However, according to the Phillips curve, policymakers can reduce inflation and increase unemployment if aggregate demand is contracted.
Answer:
Dr Unrealized Holding Gain or Loss – Income 45,500
Cr Estimated Liability on Purchase Commitments 45,500
Explanation:
Concord Company
Journal entry
Dr Unrealized Holding Gain or Loss – Income 45,500
Cr Estimated Liability on Purchase Commitments 45,500
Estimated Liability on Purchase Commitments = ($1,024,100 – $978,600) = $45,500
Answer:
passive income if taxable income is negative;active income if taxable income is positive.
The process being employed in the scenario above is called
quality control. This is a system being used in means of maintaining standards
with the use of testing out samples or products in order to check and maintain
the standards that has been implemented.