The part of the business cycle given that shows a period of contraction is <u>Point B. </u>
<h3>Why does point B show contraction?</h3>
When the economy is in a period of contraction, the business cycle would show a fall from the peak to the trough.
The peak is point A and the trough is Point C. Point B shows the fall from A to C which means that Point B must be the contraction.
In conclusion, option B is correct.
Find out more on the business cycle at brainly.com/question/26086110.
The correct answer is: Hit-level, session-level, product-level, or user-level scope
Explanation: http://www.certificationanswers.com/en/what-are-the-four-scope-levels-available-for-dimensions-and-m...
Answer: higher; lower
Explanation:
From the question, we are informed that three firms are currently producing and selling in a market. When one of the three firms exits the market, economists expect that there will be a rise in the equilibrium price while there will be a reduction in the equilibrium quantity.
This is because when one producer leaves, there will be less supply of the good that is sold, this will eventually lead to a rise in price.
Based on the tenets of fiscal policy, the following are true:
- An increase in money supply is not an example of fiscal policy.
- A decrease in taxes is expansionary fiscal policy.
<h3>What is fiscal policy?</h3>
Fiscal policy refers to things that the government does in order to influence the economy through spending and taxation.
When there is a decrease in taxes for instance, this is expansionary fiscal policy as the government is trying to increase the amount that people have to spend.
Find out more on fiscal policy at brainly.com/question/6583917.
Answer:
A. Date Account Title and Explanation Debit Credit
June 30 Sales discounts $72
($2,400 * 3%)
Allowance for sales discounts $72
(To record the expected sales discounts)
B. Date Account Title and Explanation Debit Credit
June 30 Sales Discounts $62
($72 - $10)
Allowance for sales discounts $62
(To record the expected sales discounts)
