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pishuonlain [190]
3 years ago
7

During recessions, taxes tend to

Business
1 answer:
d1i1m1o1n [39]3 years ago
5 0

Answer:

b. rise and thereby decrease aggregate demand.

Explanation:

When the economic growth is negatively far away from the potential level, it means destruction and missing development and it starts recession period on the economy. This period will show falling GDP, falling incomes.

In Recession,

- Real GDP , aggregate demand and national output will fall dramatically

- Unemployment will soar to the top, there will be the problem how to find job

- Inflation rates besides the cases above will tend to decrease because there will be lower demand in the economy as well.

- The government will also increase its debts because of expansionary fiscal policy and automatic stabilizers (the government will tend spend more on unemployment benefits)

- Asset prices will decrease because of less demand

- Interest rates will be cut off by central banks due to the aims of stimulating the economy

- Investments will also drop by businesses

-Taxes will tend to increase and needs some expansionary fiscal policy to decrease it

You might be interested in
GASB has issued a proposed standard that would more clearly define fiduciary activities and change the categories of fiduciary f
kramer

Answer:

a. Custodial fund

Explanation:

Custodial transaction and fund refers to the transaction, in which there is a beneficiary and a responsible. The responsible person manages the transactions of custodial account, and takes proper care of return and investment on such account.

This is basically an agency service as the person who is beneficiary is just depositing the amount top be invested which is then taken care of as an agent.

The correct option is a.

Custodial Fund.

3 0
3 years ago
In addition to telling readers why an illustration is important, why else should you refer to it in the text of your document?
Bumek [7]

Answer:

To assist the readers to relate objects and actions with texts.

Explanation:

Aside from telling readers why an illustration is important, the other reason you should refer to it in the text of your document is "to assist the readers to relate objects and actions with texts."

This is evident in the fact that illustration in a text is a means of presenting a graphical representation of ideas, processes, or theories to aid or give elaborate meaning to what is written.

5 0
3 years ago
Most companies have the need for a _________ department that can quickly repair and troubleshoot systems, as well as provide tec
iragen [17]

Answer:

IT Department

Explanation:

Most companies have the need for an  <em>IT</em> department that can quickly repair and troubleshoot systems, as well as provide technical support to employees.

An T Department takes care of all the technical streams running throughout the office. f any error or shortcoming occurs, the IT department makes sure they get rid of the bug that is causing the glitch.

They help the employees and provide them with technical support, since now a days, companies are 50% based on technology and any trouble can cause harm to the organization.

4 0
3 years ago
In 2019, Felicity's business use of her vehicle fell to less than 50%. Regular MACRS depreciation had been used in prior years.
Flauer [41]

Answer:

(d) Straight-line method (SL), the same convention as used in the first year of depreciation, ADS recovery period

Explanation:

The straight line method is the best to use, the convention to be used is the same as what was used in the first year of depreciation and the recovery period in 2019 is the ADS recovery period.

To decrease annual deduction, it is standardized that ADL is used with straight line method with 31 plus years for a recovery period that is longer.

5 0
2 years ago
Grecian Tile Manufacturing of Athens, Georgia, borrows $1,500,000 at LIBOR plus a lending margin of 1.25 percent per annum on a
shtirl [24]

Answer: 92812.50

Explanation:

The following information can be derived from the question:

Loan principal = $1,500,000

LIBOR for 1st 6 months = 4.50%

LIBOR for last 6 months = 5.375%

Lending margin per annum = 1.25%

The interest will then be:

= 1,500,000 × [(4.50% + 1.25%)/2] + 1,500,000 × [(5.375% + 1.25%)/2]

= 1,500,000 × [(0.045 + 0.0125)/2] + 1,500,000 × [(0.05375 + 0.0125)/2]

= 92,812.50

Therefore, the interest is 92812.50.

8 0
3 years ago
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