After decreasing Nominal & Real GDP, the Federal Reserve will_______.

1 answer:

4 0

<span>After decreasing Nominal & Real GDP, the Federal Reserve will engage in Contractionary Monetary Policy. The answer is letter B. IF the Federal Reserve increases the amount of monetary growth, the economic theory shows that it will decrease in the short run but will increase eventually in the long run from their initial value.</span>

You might be interested in

Al, walks in off the street, says the grounds could use some sprucing up, and offers to do it for $8 an hour. Management gives h

Rufina [12.5K]

Answer:

<u>Option B</u> must pay him as an employee, withhold appropriate taxes and issue a W-2 at year end

Explanation: He is paid based on hours worked, and uses the company equipment thus is an employee who is controlled by an employer. The independent contractors buy their own supplies, provide their own equipment and paid based on tasks performed

4 0

3 years ago

Assume that Simple Co. had credit sales of $258,000 and cost of goods sold of $158,000 for the period. Simple uses the aging met

Sphinxa [80]

Answer: The amount of bad debt expense the company would record would be $3,470.

Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.

In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.

3 0

3 years ago

Block of crust that is located above the fault of plane?

STatiana [176]

A hanging wall is a block of crust that is located above a fault plane hint for identification if a person were able to sand on the fault plane they could hang on to the hanging wall fault blocks. represent blocks of Earth crust

5 0

3 years ago

A chain of parking garages recently offered customers the ability to pay for parking on their mobile phone instead of paying at

Fittoniya [83]

Answer:

Contact-less payment technology

Explanation:

In contact-less payment, payment is made without any physical contact between the payer and receiver business. This payment mechanism makes use of NFC (near the field communication) technology.

Contact-less payment mechanism reduces cost for staffing and also removes need for collection of cash. This means that parking facilities are managed remotely.

7 0

3 years ago

reonna Corporation leases equipment from Falls Company on January 1, 2020. The lease agreement does not transfer ownership, cont

ioda

Answer:

$35,000

Explanation:

Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).

Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000

4 0

3 years ago