Answer:
penalty clause
Explanation:
A penalty clause is a provision included in the contract that requires any breaching party to compensate the other party for any damages produced by the breaching of the contract.
In this case, the penalty provision establishes a $10 million payment if any of the parties breaches the contract. That payment must be done to compensate for any damages suffered by the non-breaching party.
The correct option is<em> </em><em>"B," In this case, Congress and the president should enact policies that increase government spending and decrease taxes.</em><em> </em>
Explanation:
If Congress and the president decide an expansionary fiscal policy, it is
necessary to inject more money into the economy by increasing government
spending through subsidies to production, aids and grants to businesses/institutions, scholarships and Professorial Chairs in the citadels of learning, embarking on capital and recurrent projects, financing of policies, and programmes of the government, interest-free loans/advances...
On the other hand, the decrease in every form of taxes in an economy is geared towards generating lesser revenues for the government to finance the aforementioned policies, projects & programmes. In turn, the households and firms will have more money in their hands to spend since the taxes have been reduced. It will make the government raise funds from other sources than from taxes to finance their policies, projects & programmes. Reduced taxes will make the household and the firms to maintain relative liquidity to enable them to carry out and/or expand their new/existing investments. For instance, in Nigeria, the government of President Mohammadu Buhari, has in the current fiscal year decided on expansionary fiscal policy by embarking on<em> Single- Treasury Account</em> to have a pull of all the revenues accruable to the government. It has <em>increased the VAT from 5% to 7.5%</em> to raise more revenues to embark on its various recurrent and capital projects.
<span>If a product is to be properly commercialized, there must be integration between finance and marketing.</span>
Answer: The short run Phillips curve intersects the long run Phillips curve.
Explanation: The Phillips curve states that unemployment and inflation have an inverse relationship. This means that they move in opposite directions, I.e. If inflation increases then unemployment decreases and vice versa.
In the graph attached the short run Phillips curve is L - shaped and shows the inverse relationship between both variables initially. The long run Phillips curve is a vertical line, and shows that unemployment rate remains steady regardless of inflation rate, in the long term. Where these 2 lines intersect is where actual inflation and expected inflation are the same.