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3 years ago

Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation

Business

1 answer:

Ludmilka [50]3 years ago

5 0

Answer:

During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:

I. Output: During Recession, production output reduces. But, during expansion, product output rises with rising income, employment, and even stable inflation.

II. Employment: During phases of economic Expansion, employment rises, while it contracts during the phases of Recession.

III. Inflation: Due to rising income and output during economic expansionary periods, inflation rate also rises. It reduces when the economy enters a recession.

Explanation:

Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation. It usually cascades between the spectrum of expansion and recession. This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.

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The implementation of an effective internal control system eliminates the possibility of fraud. This statement is:.

Nonamiya [84]

Answer:

False

Explanation:

No matter what a company does the possibility of fraud cannot be avoided.

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2 years ago

Jones and Johnson, a law firm, is expanding to incorporate three conference rooms and two executive waiting lounges in its offic

melamori03 [73]

Answer:

Space layout and function

Explanation:

The three dimensions of servicescape include:

Ambient conditions: air quality, room temperature, smell, music, lighting, etc.
Space layout and function: how equipment and furniture are laid out and arranged.
Signs, symbols and artifacts: corporate logos, decoration styles (including color), signs, etc.

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2 years ago

Money is a "medium of exchange," meaning

inna [77]

Answer:

C is the correct answer to this question.

7 0

3 years ago

Brown Corp., a calendar-year taxpayer, was organized and actively began operations on July 1, 2013, and incurred the following c

PolarNik [594]

Answer:

The amount of amortized organizational expenses for the year 2013 would be $6,333 ( approximately )

Explanation:

First of all the important point here to note is that while calculating the amortized organizational cost we only include the legal fee for drafting the corporate charter and not the commission paid to underwriter or cost incurred while selling the stock.

In the legal fee for corporate charter too there are limitations , as only $50,000 are allowed as total expenditure to be amortized over a period of 15 years or 180 months. Where for the first year the limitation allowed is $5000 and rest of the amount would be amortized over 180 months.

So $45,000 - $5000 = $40,000

$40000 / 180 = $222.22

Now multiplying this by 6 months as the operations of company began on 1 July , 2013,

$222.22 x 6 = $1333.32

Now adding this amount to $5000 will give us the total amortized organizational expense,

$5000 + $1333.32 = $6,333.32

= $6,333 ( approximately )

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3 years ago

Which theorist argues that members of a class are grouped by their value in the commercial marketplace?

Trava [24]

The theorist that is referred above is MAX WEBER. He is the theorist who asserts that class members should be grouped according to their value in the marketplace. Max Weber is a well-known German sociologist, and a prominent figure in sociology.

4 0

3 years ago