During the 1970s, some economists argued that the cause of the woes of the economy were due to __________. g

Answers

Answer 1

Explanation:

Stagflation. Which is stagnant growth combined with inflation. Which was caused in large part by repeated disruptions to global oil supplies, which led to soaring prices and gasoline shortages in the United States.


Related Questions

12.Sunnydale Organics, Inc. harvests crops in roughly 90-day cycles based on a 360-day year. The firm receives payment from its harvests sometime after shipment. Due in part to the firm's rapid growth, it has been borrowing to finance its harvests using 90-day bank notes on which the firm pays 12 percent discount interest. If the firm requires $60,000 in proceeds from each note, what must be the face value of each note

Answers

Answer: $61857

Explanation:

Let the face value of each note be represented by y.

We should also note that we are given a time period of 90 days = 3 months.

Discount interest = 12%. This will be 3% for every 3 months.

Face value of each nite will then be:

y = 60000/(100%-3%)

y = 60000 / 97%

y = 60000/0.97

y = 61,856.67

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