The process by which an increase in government borrowing results in less borrowing by businesses and consumers for private investment is called expansionary fiscal policy.
<h3>What Is Expansionary Fiscal Policy</h3>
Expansionary fiscal policy refers to an increament in government spending, a decrease in tax revenue, or a combination of the two.
Expansionary fiscal policy is aimed at spurring economic activity and drive development.
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Answer:
$18,000
Explanation:
Given data for Taylor Company;
Salaries payable at the beginning of 2015 (end of 2014) = $18,000
Salary expense during the year (2015) = $50,000
Salaries paid during the year = $50,000
Salary payable at end of year (2015) = ?
Let the salary payable at end of year= S
Using the formula
Salaries payable at the beginning of the year + Salary expense during the year - Salaries paid = Salary payable at end of year
$18,000 + $50,000 - $50,000 =S
S = $18,000
Salaries payable as at December 31, 2015 is $18,000.
Transference type of risk response strategy is demonstrated.
When the risk materializes, a backup plan is put into action. The plan's goal is to limit the risk's potential damage when it materializes. The entire impact of the risk may have a significant impact on the project if no plan was in place. The last line of defense against the risk is the contingency plan. It appears fair to build on these as a basis for establishing methods appropriate for responding to identified opportunities since project managers and risk practitioners are accustomed to the four basic risk response strategies (for threats) of avoid, transfer, mitigate, and accept. Utilizing an avoid risk response strategy requires taking action to remove the threat's root cause.
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