<span>When you are buying a car, the advance esteem depends on the whole cost of the car, less your up front installment and exchange esteem. With the auto rent, you just pay the contrast between the auto's cost and what it's required to be worth toward the finish of the rent, which is known as its remaining quality.</span>
Answer:
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Answer and Explanation:
The Journal entries are shown below:-
1. Maintenance and Repairs Expense Dr, $150
To Cash $150
(Being cash paid is recorded)
For recording this we debited the maintenance and Repairs Expense as there is increased in expenses and credited the cash as assets are decreased
2) Equipment $700
To Cash $700
(Being cash paid is recorded)
For recording this we debited the equipment as it increased the assets and credited the cash as assets are decreased
Answer:
B. Offset shifts in aggregate demand and thereby stabilize the economy.
Explanation:
Firstly about Fiscal Policy:
-Monitoring and influence of government to national economy by adjusting its spending levels and tax rates
-Based on the Keynesian economics which opines that the increasing or decreasing taxes or the same about public spending will impact significantly on the economy of the country.
-Fiscal Policy is the regulator of the inflation rate (2%-3% is normal for every economy) and in turn, this increase the rate of employment
Secondly about Monetary Policy:
- In most countries, central banks or central boards take the actions of plan about controlling process of the money in the country or money supplying estimations.
-Monetary policy is the management of money supply or the interest rates
-Monetary policy is the controlling of inflation, consumption, growth and liquidity of money
The mutual goals of these policies aim to establish and construct the perfect economic environment with the stable and positive growth of economy and, stable and low inflation rates. Moreover, the aim is the elimination of booms or fluctuations on the economy and to keep it stable as possible as.
