An expense that has been incurred but not yet paid is called a(n) ________.

1 answer:

3 0

An expense that has been incurred but not yet paid is called an accrued expense.
An expense is categorized into many types according their property, like discount expense, depreciation expense, prepaid expense etc
Salaries payable and interest payable are the examples of Accrued expense, salaries payable are for one accounting period, they are not paid until the next.

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Which fiscal policy would be the most contractionary?  A. A $40 billion increase in taxes B. A $50 billion increase in governmen

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Answer: Option (C) is correct.

Explanation:

Correct option: A $50 billion decrease in government spending would be the most contractionary fiscal policy.

A. Increase the taxes by $40 billion is also a contractionary fiscal policy but it doesn't have a greater impact than decreasing the government spending by $50 billion.

B. It is an expansionary fiscal policy.

D. There are both expansionary fiscal policy by decreasing taxes by $10 billion and contractionary fiscal policy by decreasing government spending by $40 billion. But it doesn't have much impact as the option (C) is having.

Therefore, Option (C) is having the most contractionary fiscal policy.

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Answer: True.

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The correct answer is: Operating budget.

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For instance, if there is a recession, wages will reduce so that the prices that the producers can charge will reduce as well which will enable supply to match demand and bring the economy back to equilibrium.

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An expense that has been incurred but not yet paid is called​ a(n) ________.

An expense that has been incurred but not yet paid is called a(n) ________.