Answer:
D. Both A and B
Explanation:
Recognition Lags in fiscal policy refers to the time lag a country has in clearly visiting the problems faced, when the policy is formed.
As for example the country government might not be able to recognise the problem of unemployment up to a certain identified amount. with automatic stabilisers the authorities can collect automatic data for this issue, and expected time lag will decrease and become minimal.
Implementation lag occurs when the authorities see the adversity of a problem in economy and implements a fiscal policy but it is not implemented in an effective manner, and the results are thus lagged.
Accordingly, automatic stabilisers will improve such time lag by providing the main areas of the country where the adversity of a problem is maximum.
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Answer:
The Journal entries are as follows:
(i) On March 1,
Petty cash A/c Dr. $105
To cash $105
(Petty cash balance)
(ii) During March,
Stamp inventory A/c Dr. $38
Freight out A/c Dr. $14
Misc. Expenses A/c (12+8) Dr. $20
Travel Expenses A/c Dr. $25
over / short A/c (105 -38-14-20-25-6) Dr. $ 8
To cash $105
(Petty cash received)
(iii) On March 20,
Petty cash A/c (190-105) Dr. $85
To cash $85
(Petty cash fund increased to $190)
Answer:
C) It is a vertical line at $600 billion of GDP
Explanation:
Aggregate supply is the total value of goods and services that companies established in a country are willing to produce and sell for each price level over a given period of time. It is therefore the sum of the supply curves of each firm.
Potential GDP, in turn, is the value of all final goods and services produced by an economy over a given period of time when all factors of production (capital and labor) are being tapped. It is the maximum production point of an economy. In this example, the potential GDP is 600 billion.
In the long run, an increase in the general price level does not affect aggregate production. Thus the aggregate supply curve of an economy represents the sum of all supply in a situation in which all factors of production are employed. This makes the vertical aggregate supply curve at 600 billion.
Answer:
There are many problems in agriculture sector some of them are as follows:
Explanation:
1: Not gaining appropriate output after harvesting .
2: Lack of influence .
3: Limitations of new technologies .
As there are problems there are also definitely it's solutions .Some of them are as follows:
1: Providinng loan for farmers in low interest.
2: influencing farmers for agriculture .
3: Providing them new technologies in low cost .
