The 3 main programs president Roosevelt established to help reconstruct the US economy were referred to as the "3 R's" and they include the following.
- Relief for the unemployed and for the poor
- Recovery of the economy back to normal levels,
- Reform of the financial system to prevent a repeat depression.
<h3>What was the New Deal?</h3>
The New Deal was a series of programs and projects which were originated by President Franklin D. Roosevelt during the Great Depression that aimed to restore prosperity to Americans by revamping the American economic system.
President Roosevelt upon ascension of office introduced the New deal which was swift way to stabilize the economy and provide jobs and relief to those who were suffering.
The three R's of the new deal are
- Relief for the unemployed and for the poor
- Recovery of the economy back to normal levels,
- Reform of the financial system to prevent a repeat depression.
The major accomplishments of the new deal was that it restored a sense of security as it put people back to work. It also provided the framework for a regulatory state that could protect the interests of all Americans, both rich and poor.
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Answer:
State unemployment tax payable A/c Dr $168
To Cash A/c $168
(Being state unemployment taxes are paid for cash)
Explanation:
The journal entry to record the payment of the unemployment taxes is shown below:
State unemployment tax payable A/c Dr $168
To Cash A/c $168
(Being state unemployment taxes are paid for cash)
For recording this transaction, we debited the State unemployment tax payable as it increase the liability and cash account should be credited as it reduce the current assets
A. the existence of at least one fixed input is the primary difference between short run and long run. It is because in the long run, the quantities of all inputs can be varied.
In economics, the short run can be defined as a concept that states that, within a certain period in the future. In the short run the others are variable while at least one input is fixed. In the other side, long run in economics can be defined as a theoretical concept in which all prices and quantities have fully adjusted and all markets are in equilibrium.
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Based on writing standards, the inquiry letter for purchase should begin with the sender's address and be written like a formal letter.
<h3>Structures of Letter of Inquiry.</h3>
- The sender's address should be written at the beginning of the letter, followed by the receiver's address.
- The letter must contain all the elements of the enquiring item, including their quantities.
- There must be the date and address of the receiver included.
- The letter's subject must be written clearly before the letter's content.
- Ensure you provide the expected salutation at the beginning of the letter.
- Write clearly and straightforward.
- Provide reasons and inquiry descriptions.
- Add your signature, name, and designation at the end of the letter.
Hence, in this case, it is concluded that there are specific ways to write a good inquiry letter.
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