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3 years ago

During a trough: production is high. production is low. inflation is low. unemployment is low.

Business

1 answer:

Burka [1]3 years ago

7 0

Answer:

The trough is the bottom of the recession period, unemployment is at its highest, inflation is low. ... expansion (recovery) is when output is increasing, unemployment begins to fall and later inflation begins to rise.

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The macroeconomic theory holding that business cycles are caused by changes in aggregate demand and that such cycles can and sho

ch4aika [34]

Answer:

Keynesian Theory

Explanation:

The Keynesian economic theory focuses on aggregate demand. Economic growth is achieved by fostering aggregate demand through fiscal (increasing government spending) and monetary (expansionary) policies.

The economy has two sides, aggregate demand and aggregate supply. If suppliers believe that consumers will demand larger quantities, they will produce more. But if suppliers do not believe that they will be able to sell the goods and services they produce, they will reduce supply and halt investment.

Therefore, if aggregate demand is strong, producers will increase output because they know they can sell more, and that promotes economic growth without necessarily increasing inflation. Keynesian economics considers both suppliers and consumers expectations and how they affect economic growth.

3 0

3 years ago

If a company uses LIFO, a LIFO liquidation causes a company's income taxes to increase:_______

olasank [31]

Answer: a. When inventory purchase costs are rising.

Explanation:

Last In First Out is an inventory stock valuation method where newer inventory is sold first and older inventory are sold last.

When a LIFO liquidation occurs, it means that the company has sold off its new stock and are now selling the older one.

This will lead them to have a lower cost of goods sold as the older stock is usually cheaper. If Inventory purchase costs are increasing in the market, then sales prices will have to increase as well. The company will sell at this new price but will still have that lower cost of goods sold.

This means that they would have more profits as a result which will lead to more taxes being charged on them.

4 0

3 years ago

John's Specialty Store uses a periodic inventory system. The following are some inventory transactions for the month of May 2013

jolli1 [7]

Answer:

Explanation:

The journal entries are shown below:

1. Purchase A/c Dr $5,400

To Accounts Payable $5,400

(Being merchandise is purchased on credit)

2. Freight-In A/c Dr $500

To Cash A/c $500

(Being freight charges are paid in cash)

3. Accounts Payable A/c Dr $800

To Purchase Returns A/c $800

(Being return merchandise is recorded)

4. Cash A/c Dr $5600

To Sales revenue A/c $5600

(Being merchandise is sold for cash)

5. No journal entry required

6 0

3 years ago

It is important for firms facing ethical issues to have managers with the ability to think about the issue logically, identify c

valentina_108 [34]

Answer:

conceptual skills

Explanation:

Conceptual skills are skills developed by an individual which helps them to understand complex issues and creatively develop a solution or solutions that will successfully deal with the situation. It is a skill that helps in finding solution to difficult situations using innovative approach. People with such skill are considered valuable especially in the field of management. Someone with conceptual skills must have ability or skills in critical thinking, decision making, paying attention to details, etc.

3 0

3 years ago

Read 2 more answers

The boston city department of health and hospitals initiated bostons prevention project in 1982 to prevent ________________ viol

masha68 [24]

It is used to prevent youth violence. This is an action project by the National institute of justice for comprehensive gun violence reduction strategies. It aims to reduce serious youth (ages from 8-18 years old) violence in Boston.

7 0

3 years ago