"One disadvantage of discretionary fiscal policy is that it can return the economy to its potential level of output but at the cost of increasing the price level." This statement is TRUE.
The main limitations of discretionary fiscal policy are: (1) Information lag: Governments must have the relevant and reliable data they need to change taxes and government spending. Collecting, classifying, aggregating, and analyzing data takes a long time.
Trade-offs – Trade-offs can occur when a government adopts a combination of expansionary and contractionary fiscal policies. When a country wants to increase spending and raise more money to fuel economic growth, it can issue bonds to its citizens.
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Correlation is a measure to define the relationship between two variables.
<u><em>Error in each of the given statements is briefly explained as follows:</em></u>
<u><em /></u>
- a). In the first statement, gender refers to a nominal variable and income refers to a continuous variable. It is not possible to compute the correlation between a continuous variable and a nominal variable. Hence, there exists no correlation between the income of American workers and their gender.
- b). It is not possible to have a value of correlation as 1.09 between two variables. It is because the value of correlation ranges between -1 to +1. Thus, the value of correlation i.e. 1.09 is computed wrongly in this statement.
- c). Correlation represents the relationship between two variables; it cannot compute the number of bushels. Therefore, in this statement number of bushels cannot be assigned to correlation.
<u><em>The complete question is:</em></u>
“
Each of the following statements contains an error. Explain what’s wrong in each case.
(a) "There is a high correlation between the gender of American workers and their income."
(b) "We found a high correlation (r = 1.09) between students’ ratings of faculty teaching and ratings made by other faculty members."
(c) "The correlation between planting rate and yield of corn was found to be r = 0.23 bushel."
“
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The typical relationship between retained earnings and net income/loss,tha Retained income represent the part of the net income of our organisation that remains after dividends have been paid on our shareholders.
The profits assertion is finished, the income discern from the time period is transferred to retained income inside the stockholder's fairness segment of the balance sheet. A net loss reduces retained profits; a net advantage will increase retained income.
The budgeting procedure lets an enterprise plan and prepare its budgets for a hard and fast length. It entails reviewing past budgets, identifying and forecasting sales for the coming period, and assigning amounts to spend on a enterprise's various prices.Feb 18, 2021
There are numerous extraordinary strategies to budgeting for businesses however those 4 kinds of budgets are the maximum generally used: incremental budgets, pastime-primarily based budgets, fee proposition budgets, and zero-primarily based budgets
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Answer:
For 2 years
Explanation:
Financial responsibility is the procedure or the process which is defined as managing the money and also the other similar assets, in a method which is considered as productive and in the best interest of family, business or individual.
So, in order to show the proof of the financial responsibility in the near future, business or individual needs to show the proof for the 2 years because to make the proof comparable with the previous year.
The Hawthorne studies concluded that giving more attention to the employees increases the workers productivity. Therefore, the correct option is 2nd.
<h3>What was Hawthorne Studies?</h3>
The Hawthorne studies is all about the increment of the individual performance at the workplace. It tries to understand what are the factors that motivate a person for giving the high level of production.
The experiments of the Hawthorne studies conclude that by focusing in the individual needs the workers productivity increases. Therefore, the correct option is 2nd.
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