Cassiopeia is a country facing an acute financial crisis. coupled with a negative growth rate, the rate of inflation in the economy has increased to almost 12 percent. the government of cassiopeia has recently appointed a panel of experts to suggest suitable fiscal measures. ronald boyle, a member of the national trade union in cassiopeia, feels that the best policy on the part of the government would be to announce an income tax rebate in the current year. however, danny cox, an economist, feels that income tax rebates will only reduce government revenue. according to him, a substantial increase in aggregate demand can only result from government investment in real assets. in claiming that public spending on real assets will result in a significant increase in gdp, danny is ignoring the fact that: a. fiscal expansion is also likely to increase interest rates. b. consumption is determined by real income and not nominal income. c. borrowing is usually easier for the government than for private firms. d. long-term development is usually driven by the growth of core industries in an economy. e. private sector investment in public infrastructure is usually limited.
Answers: 2
Business, 21.06.2019 23:30, brittd2728
Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable
Answers: 3
Business, 22.06.2019 21:10, dooboose15
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
Business, 23.06.2019 14:20, aktersumaiya250
Marc recently went to his bank's website to check the payment due date on his loan. this is considered to be what type of electronic banking service?
Answers: 2
Cassiopeia is a country facing an acute financial crisis. coupled with a negative growth rate, the r...
Social Studies, 09.02.2021 16:10
Mathematics, 09.02.2021 16:10
Mathematics, 09.02.2021 16:10
History, 09.02.2021 16:10