Answer:
a. "President Nixon expressed satisfaction with last year's economic performance. He said that with inflation and unemployment heading down, the nation is on the right course."
⇒ RECOVERY. Economic recovery refers to the economy starting to grow again after a period of recession. A rightward shift in the aggregate supply curve should decrease unemployment and reduce inflation.
b. "The nation's inflation rate rose to a record high last month, the government reported yesterday. The consumer price index jumped 0.3% in January. Coupled with the announcement earlier this month that unemployment had risen by 0.5 percentage points, the reports suggested that the first month of President Nixon's second term had gotten off to a rocky start."
⇒ STAGFLATION. Stagflation refers to a combination of high inflation and high unemployment. A leftward shift in the aggregate supply curve can result in stagflation.
c. "President Carter expressed concern about reports of rising inflation but insisted the economy is on the right course. He pointed to recent reductions in unemployment as evidence that his economic policies are working."
⇒ PHILLIPS. According to the Phillips curve, inflation and unemployment are inversely correlated. if inflation goes up, unemployment should go down. Phillips theory was discredited due to stagflation occurring during Nixon's presidency. Nixon created stagflation for the first time in the US since it isn't normal that inflation rises as unemployment increases. That shows you how good a president he was, he even invented new things for Americans to enjoy.
Answer:
The correct answer is option A.
Explanation:
When the interest rate decreases people will get less return on deposits. So they will prefer to hold money as a cash instead of depositing in banks. Similarly, if price level increases people will need more money to pay for transactions. So, the transactionary demand for money will increase. People will prefer to hold more money.
Answer:
Journal of given entries
Explanation:
to Sales ac 20000
to Account Receivables ac 17400
- Prepaid Insurance ac dr 4900
to Cash ac 4900
- Accounts Payable ac dr 990
to Cash ac 990
to Prepaid Insurance ac 3900
to Advance ac 7700
to Cash ac 1420
to Cash ac 1200
Answer:
bribery
Explanation:
Bribery, the act of offering, granting, accepting, or authorizing to receive payments or any other object of consideration with the dishonest intent of manipulating a government official in performing his work duties. If money is given or agreed in return for a dishonest act, each act does not have to be done by the professional concerned.
While bribery primarily included contact with judges, its concept has already been extended to provide acts by all types of government representatives, from municipal to federal level, and to include all federal employees.
C. $7,000 capital gain
First, we need to find Net value of Cynthia's share
Net value of Cynthia's share = Value of share - Liabilities
Net value of Cynthia's share = $28,500 - $14,000
Net value of Cynthia's share = $14,500
The next step is to compute Cynthia's net value of her shares sold to Roger.
Then,
Cynthia's gain = Selling value - Net value of share
Cynthia's gain = $21,500 - $14,500
Cynthia's gain = $7,000
Therefore, the amount and character of Cynthia's recognized gain or loss on the sale is $7,000 capital gain.
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