The official arbiter of when recessions begin and end is the National Bureau of Economic Research (NBER), a nonprofit economics research group. Their website lists the latest turning points in the business cycle of the U. S. economy. The list below includes all of the business cycle turning points that have occurred over the 20-year period ending in April 2018: All business cycle peaks: March, 2001; December, 2007 All business cycle troughs: November, 2001; June, 2009 a. The most recent business cycle turning point was

What other aspects of ecuadorian culture, other than its predominant religion and language, might affect that country’s culture?

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

In macroeconomics, to study the aggregate means to study blank