Needlestick Safety and Prevention Act, 106th Congress, numbered 5178
The sharps injury log includes which of the following?
At a minimum, the sharps injury log should include:"A) An explanation of how the incident occurred, (B) the department or work area where the exposure incident occurred, and (C) the type and brand of the device that was involved."According to 29 CFR 1904, the sharps injury log must be kept for the required time.
Which law mandates that each healthcare facility keep a sharps injury log detailing each incident?
Employers are required by the OSHA Bloodborne Pathogens Standard (BPS) to find, assess, and implement safer medical devices, including those with sharps injury protection (SIP) features.In the sharps injury log, specific information must be reported in accordance with the standard.
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question content area return on total assets a company reports the following income statement and balance sheet information for the current year: net income $295,320 Interest expense 106,620 Average total assets 6,290,000 Determine the return on total assets. If required, round the percentage to one decimal place.
The return on total assets is 6.25%. EBIT, or earnings before interest and taxes, is a measure of how profitable a business is.
The formula for calculating return on total assets is
Total assets on average / Net income
$125,000 / $2,000,000 = 6.25%
EBIT, or earnings before interest and taxes, is a measure of how profitable a business is.
Revenue less expenses, without taxes and interest, is EBIT. Operating earnings, operating profit, and profit before interest and taxes are other names for EBIT.
EBIT is a measure of an organization's operating profit and is often used interchangeably with operating profit. EBIT ignores factors like the tax burden and capital structure in favor of concentrating exclusively on a company's capacity to create earnings from operations. Because it helps to determine a company's capacity to produce enough earnings to be profitable, pay off debt, and fund continuous operations, EBIT is a particularly helpful indicator.
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when forecasting future financial needs, the funds a firm must raise externally by issuing new bonds or by selling new stock are called .
The process of selling shares to raise capital is known as equity financing.Companies raise money for a variety of reasons, including a short-term need to pay bills or a long-term objective that requires funds to support growth.A company effectively transfers ownership of their business in exchange for cash by selling shares.
Equity financing can be used to finance private companies as well as public companies that are listed on an exchange. However, equity financing is also used to finance public companies.
Common equity and other equity or quasi-equity instruments like preferred stock, convertible preferred stock, and equity units with common shares and warrants are all examples of equity financing.
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jozmell, christina, jordan, and melissa have been assigned a group project for a class. during the three weeks in which they developed and completed the project, jozmell, christina, and jordan did most of the work. melissa missed meetings, turned in inferior summaries of her assigned readings, and was quiet during brainstorming sessions. on the day of the project presentation, melissa did a good job of delivering her part of the presentation. for most of the project, melissa was engaging in what group process?
Because she was the presenter, her work was individuated and her efforts were identifiable.
A news presenter – additionally known as a newsreader, newscaster (brief for "information broadcaster"), anchorman or anchorwoman, information anchor or truly an anchor – is someone who provides news for the duration of a news software on tv, radio or the internet. they'll additionally be a working journalist, supporting in the series of news cloth and might, further, provide remark throughout the program.
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Provide an example of how a company could make modifications to their business operations to incorporate sustainable best practices. How could these modifications be measured in terms of triple bottom line?.
Divide the organization's backside line into three categories: social, environmental, and economic.
Represent every category in phrases of advantages and costs. Calculate internet profits the use of typical accounting strategies to represent the the first of the three bottom lines.
Why is triple bottom line important?A more sustainable future that considers both social and environmental sustainability.
Methods to set dreams and measure and enhance sustainable systems.
New methods to generate profit, such as attracting new customers who want to minimize their have an impact on on the environment.
Especially in cutting-edge marketplace, businesses that center of attention on social and environmental obligation can additionally beautify that more usual metric: profit. "Using the TBL framework opens up many probabilities to enlarge revenues, minimize charges and build loyalty," Horowitz said.
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A positive approach represents a willingness to accept developmental feedback, to try and suggest new ideas, and to
maintain a positive attitude at work. Maintaining a positive approach can be a difficult task for managers-it is easy for
managers to allow negative attitudes and behaviors to get the best of them during difficult times at work. This activity is
important because a knowledge of potentially bad attitudes helps managers to recognize and replace these attitudes and
behaviors with more positive ones.
o approach
A positive approach represents a willingness to be open to developmental feedback, to try and propose new ideas, and to maintain a positive attitude in the workplace. Maintaining a positive attitude is a difficult task for managers. Developing a positive attitude is easy.
What does the word "approach" mean?To approach is to move closer or closer to something or someone in terms of distance, proximity, quality, or quantity: In the distance, we could just make out the train approaching. You can see that we are now getting close to the Eiffel Tower if you look out the window on the left.
What does positive attitude mean?Positive thinking or an optimistic attitude is focusing on the good in every situation. It can have a huge impact on your physical and mental health. It doesn't mean ignoring reality or taking the problem lightly.
What are Examples of Positive Approach?Examples of Positive Attitudes:
Changing Perspectives. Your perspective has a powerful impact on your life and well-being. Smile and be kind to people. Practice Self-Compassion.Does not take things personally. Rejoicing in the success of others.To learn more about approach visit:
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tugwell inc. budgeted 10,700 pounds of direct materials costing $23.50 per pound to make 5,100 units of product. the company actually purchased and used 11,000 pounds of direct materials costing $26.00 per pound to make the 5,100 units. what is the direct materials quantity variance?
The company actually purchased and used 11,000 pounds of direct materials costing $26.00 per pound to make the 5,100 units and 100,700 unfavorable is the direct materials quantity variance.
Direct material quantity variance could be a a part of the materials value variance that happens thanks to the distinction between the particular amount of direct materials used and therefore the commonplace amount allowed for the output. Direct materials amount variance is additionally called direct material usage or volume variance.
Direct material costing is the the price of direct materials which might be simply known with the unit of production. for instance, the value of glass could be a direct materials cost in lightweight bulb producing. The manufacture of product or merchandise needed material because the prime part.
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sonnagh sold a personal residence on june 30, under an agreement in which the real estate taxes were not prorated between the buyer and the seller. what amount qualifies as a deduction from agi for sonnagh?
$7,328 is the amount that qualifies as a deduction.
How to calculate deductions?Keep in mind that Sonnagh sold home on June 30 but continued to pay taxes on it for an additional two months (July and August).
Therefore, 121 days (his stay of four months) / 184 days (the six-month period) [$5,250 + $430 + $3,500] = $7,382
He probably subtracts more from the state sales tax than the state income tax.
Incomplete question. Here's the full question:
Sonnagh paid the following taxes during the year:Tax on residence (for the period from March 1 through August 31) =$5,250State motor vehicle tax (based on the value of the personal use automobile) =$430State sales tax =$3,500
State income tax =$3,050Sonnagh sold personal residence on June 30 of this year under an agreement in which the real estate taxes were not prorated between the buyer and the seller.
What amount qualifies as a deduction from AGI for Sonnagh? a. $9,180b. $9,130c. $7,382d. $5,382 e. None of the above
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a well-designed management control system ignores nonfinancial objectives and focuses on financial objectives to develop and report performance measures. (extra 1 point)
True, To generate and publish performance measurements, a well-designed management control system rejects non-financial goals in favor of financial ones.
A management control system (MCS) is a system that collects and analyzes data to assess the effectiveness of various organizational resources, such as people, property, and money, as well as the organization as a whole, in light of the organizational strategies being used.
A management control system (MCS) is a strategy used by firms to assess how well they accomplish objectives relating to production, profitability, or efficiency. The control system functions best when performance is connected to the organization's objectives. A budget or other plan serves as the foundation for the data used in a management control system. Actual results are compared to the plan, and any discrepancies are communicated to responsibility centers across the entire organization.
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In a perfectly competitive market, each firm produces its last unit at: the same marginal cost. one of several marginal costs. a unique marginal cost. one of two marginal costs.
In a perfectly competitive market, a firm stops producing, that is producing the last unit, at the same marginal cost. Because in such a market firm is a price taker and in long run, all firms produce equally and thus face the same marginal cost.
Hence option a is correct.
The marginal cost is the difference in total production costs caused by making or producing one more unit. Divide the change in production costs by the change in quantity to calculate the marginal cost.
The goal of marginal cost analysis is to determine when an organization can achieve economies of scale in order to optimize production and overall operations. If the marginal cost of producing one additional unit is less than the per-unit price, the producer may profit.
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when might an organization choose to avoid a risk rather than assuming, transferring, or mitigating it?
if the cost of the control measures necessary to defend the organization against a recognized threat is prohibitive.
How does risk transfer work?As part of the risk transfer risk management technique, the risk is transferred to a third party. In other words, risk transfer is the process through which one party assumes the liabilities of another. The act of purchasing insurance is a common example of how risk is transferred from a person or business to an insurance company.
What is avoiding risks?Risk avoidance is the process of removing threats, exposures, and behaviors that could endanger a business's resources and operations.
Risk avoidance strives to completely avoid compromising situations, in contrast to risk management, which seeks to control the harms and financial repercussions of hazardous events.
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the time series competitive efforts section of the competitive intelligence report which provides every company's management team with a means of reviewing how the regional competitive efforts of any company of interest have changed over the years is particularly useful for:
In a case whereby the Series Competitive Efforts section of the CIR is particularly useful for drawing conclusions about the levels of competitive effort your company's closest competitors may employ in the year.
What does the term management mean?Management is the process of carrying out the work or activity required to achieve an organization's objectives in an effective and efficient manner. The procedure implies the management duties. Therefore, there is involvement in planning, organizing, staffing, directing, and managing.
Why is management so important?To achieve organizational goals, a manager's role is to provide overall direction and guidance for everyone's actions. Increased efficiency: Management promotes productivity through efficient planning, organizing, managing, and directing, which in turn helps the company run more efficiently.
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legacy issues $580,000 of 8.0%, four-year bonds dated january 1, 2021, that pay interest semiannually on june 30 and december 31. they are issued at $507,959 when the market rate is 12%.
Date General Journal Debit Credit
Jan. 1 Cash 507959
Discount on bonds payable 72041
Bonds payable 580000
Total bond interest expense over life of bonds:
Amount repaid:
8 payments of $23200 185600
Par value at maturity 580000
Total repaid 765600
Less amount borrowed 507959
Total bond interest expense 257641
An expense is an object requiring an outflow of money, or any shape of fortune in fashionable, to every other character or group as fee for an object, carrier, or other class of prices. For a tenant, lease is an rate. for college kids or dad and mom, tuition is an price. buying food, apparel, furnishings, or an automobile is regularly called an price. An cost is a value that is "paid" or "remitted", commonly in change for some thing of value. something that appears to cost a first-rate deal is "costly". something that appears to fee little is "less expensive". "expenses of the desk" are fees for dining, refreshments, a dinner party, and so forth.
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mentoring moment: the steps of the selling process drag and drop each of the following steps of the selling process into the correct order. when you have all the steps in the correct order, click the submit button.\
In the mentoring moment the submit button is for the selling process.
What is the Selling process?
The selling process starts with the presale preparation, identification of prospects and making a sales presentation in which a salesperson tries to convince the customer that the specify product or service can satisfy his need.
The eight stages in the Selling Process: Pre-Apprpach before selling, Approach to Customer, Sales Presentation and Handling Customer Objections.
It is a process by which a salesperson identifies and locates the prospects, separates the prospects from the suspects, approach them and makes a sales presentation, handles their objections and close a sale.
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a corporate bond's yield to maturity . multiple select question. changes over time remains fixed over the life of the bond can be greater than, equal to, or less than the bond's coupon rate is always equal to the bond's coupon rate
The yield to maturity of a corporate bond is often not the same as the coupon rate of a bond, this changes over time
what is yield on a bond?The yield to maturity is the discount rate that makes the present value of the promised future cash flows equal in sum to the current market price of the bond. This case is the same as the Internal Rate of Return (IRR).
After determining the price of the bond, calculating the current yield is straightforward. The current yield on your security is equal to the annual interest divided by the price of the bond.
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According to the cost-benefit principle, the number of labor hours demanded will labor hours supplied will as the wage decreases. a. rise;fall
b. fall;fall c. rise;rise d. fall;rise
The cost-benefit principle states that as wages decline, the amount of work hours required will increase and the amount of labor hours supplied will decrease.
The Cost-Benefit Principle: What Is It?The cost-benefit analysis analyzes if the advantages of a course of action outweigh its expenses. This idea is frequently applied in the accounting and financial sectors while creating financial statements. Financial statements often contain data that is vital for a company's strategic decision-making, but gathering and presenting the information for the documents has a price.
The bottom line is that some difficult issues demand more in-depth investigation, and a business can employ cost-benefit analysis when it isn't quite clear whether to proceed with a project or not.
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you've determined that india presents the greatest potential for your solar kits. now it's time to decide the best approach for launching your solar kits internationally. you recognize that there are different types of organizational strategies available to you to introduce your solar kits in india. you want to go slowly and enter this new market with minimal risk and expense. of the following, which approach will you use?
You've found that the biggest market for your photovoltaic kits is India. We went to the licensing agreement.
What exactly is really a agreement example?Technically defined, an agreement is any contract involving two or more people and a shared goal. Whenever one party provides to split the rent and another accepts, they enter into an agreement and start living together as flatmates.
What three sorts of agreements are there?There are three general types of contracts, which are listed below: Fixed Price Agreement (FP) Contract for Time and Materials (T&M) Cost-Reimbursement Agreement (CR) Fixed Price Agreement When the criteria are understood and the scope of the work is properly specified, fixed rate contracts are used.
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In the second phase of construction, there is a horizontal plan for expansion, and when the time is right, additional operating rooms will be opened. How many ors will this space accommodate?.
In the second phase of construction, there is a horizontal plan for expansion, and when the time is right, additional operating rooms will be opened. The amount of ORs this space will accommodate is six (6)
What is an operating room?Generally,An "operating room" is "located within a sterile corridor that can be adequately used for 'open' or major surgical procedures probably involving general anesthesia," according to the HCC's best guidance.
On the other hand, "process rooms" typically refer to rooms that are only suitable for minor surgical procedures.
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you invest $2000 a year each year until age 55 at 7% per year. how much money will you have generated towards retirement at age 55?
$7700money will you have generated towards retirement at age 55
invest(% per year.*year)*age=retirement money
2000(7%*1)=140*55=7700 Any plan, fund, or scheme that provides retirement income is referred to as a pension fund, also known as a superannuation fund in some countries. Pension funds are the largest investors in both publicly traded and privately held businesses since they often have a lot of capital to invest. They are particularly crucial to the stock market, which is dominated by big institutional investors. The combined assets of the top 300 pension plans total around USD $6 trillion. Pension funds hold more than $33.9 trillion in assets globally, according to a PricewaterhouseCoopers estimate from 2012. This makes them the largest category of institutional investors, surpassing mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, and private equity. The Federal Old-Age and Survivors Insurance Trust Fund is the largest public pension fund in the world, with $2.66 trillion in assets.
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if a firm's goal is to leverage home-based core competencies in foreign markets, it should pursue a(n) strategy.
If a firm's goal is to leverage home-based core competencies in foreign markets, it should pursue an international a(n) strategy.
A market is a composition of systems, establishments, processes, social relations or infrastructures wherein events interact in change. even as parties might also change items and offerings through barter, maximum markets rely upon sellers providing their items or offerings to customers in change for money.
A marketplace is described because the sum total of all of the consumers and dealers within the vicinity or vicinity underneath consideration. The area may be the earth, or nations, areas, states, or towns. The cost, cost and fee of objects traded are as in step with forces of supply and demand in a marketplace.
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during the year 20x1, alenikov company had net credit sales of $2,020,000. past experience shows that 1.5 percent of the firm’s net credit sales result in uncollectible accounts. equipment purchased by fronke consultancy for $42,500 on january 2, 20x1, has an estimated useful life of 8 years and an estimated salvage value of $3,500. what adjustment for depreciation should be recorded on the firm’s worksheet for the year ended december 31, 20x1? on december 31, 20x1, moloney plumbing supply owed wages of $12,200 to its factory employees, who are paid weekly. on december 31, 20x1, moloney plumbing supply owed the employer’s social security (6.2 percent) and medicare (1.45 percent) taxes on the entire $12,200 of accrued wages for its factory employees. on december 31, 20x1, moloney plumbing supply owed federal (0.6 percent) and state (5.4 percent) unemployment taxes on the entire $12,200 of accrued wages for its factory employees. for each of the above independent situations, prepare the adjusting entries that must be made on the december 31, 20x1, worksheet. (round your answers to 2 decimal places.)
The required adjusting entries that must be prepared on the December 31, 20x1, worksheet are as follows:
Adjusting Journal Entries:Debit Bad Debts Expense $30,300
Credit Allowance for Uncollectible $3,030
Debit Depreciation Expense $4,875
Credit Accumulated Depreciation $4,875
Debit Wages Expenses $12,200
Credit Wages Payable $12,200
Debit Employer's Social Security $756.40
Debit Employer's Medicare $176.90
Credit FICA Payable $933.30
Debit FUTA $73.20
Debit SUTA $658.80
Credit FUTA and SUTA Payable $732
Transaction Analysis:Bad Debts Expense $30,300 Allowance for Uncollectibles $3,030 ($2,020,000 x 1.5%)
Depreciation Expense $4,875 Accumulated Depreciation $4,875 [($42,500 - $3,500) ÷ 8]
Wages Expenses $12,200 Wages Payable $12,200
Employer's Social Security $756.40 Employer's Medicare $176.90 FICA Payable $933.30
FUTA $73.20 SUTA $658.80 FUTA and SUTA Payable $732
Thus, at the year-end, these adjusting entries must be made to ensure that accounting records comply with the accrual concept, which recognizes relevant transactions whether cash movement is involved or not.
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in the accounting cycle, after examining source documents and recording transactions in an accounting journal, what is the next step taken by a financial manager?
The next step taken by a financial manager.The company must prepare the financial statements at the conclusion of the accounting year in order to understand its financial condition and the economic.
A balance sheet, income statements, a statement of cash flows, and occasionally the owner's equity are all included in financial statements, which are written reports created by a company's manager to show the business activities, financial performance, and financial standing or position at any time.To evaluate a company's performance and make accurate predictions regarding the future of the company's stock price, financial analysts rely on financial data.An annual report, which displays a company's reliable and audited financial data (which must have been examined by the government or accountants to assure its accuracy for tax, or investing purposes), can be discovered to contain a company's financial statement.Therefore, after the source papers have been reviewed, documented, and posted, a financial statement is a required step.
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Assume that bessell was hired as a computer technician to develop a particular type of software, unaware that it would be used to steal people’s information. As part of his job, he developed many different software applications that harvested public information from the internet and this new software was not different enough to give bessell reason to believe it would be used to harvest private information. Would the result be different?.
No, the outcome would not change. Bessell still has a duty to make sure that the software he creates is utilized morally and responsibly, and it is his duty to exercise caution when accepting any position.
What does a technician in computers do?Hardware and software are installed, maintained, and troubleshot by computer professionals for businesses and organizations. Your regular duties may include setting up gear and installing software, depending on the kind of business you work for. repairing computer hardware and other devices.
Do computer techs work alone?Computer technicians typically work on their own, for a company or business, or in a computer repair shop. To diagnose and resolve any hardware problems, a computer technician must be knowledgeable about how computers are constructed.
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Sara withdraws $1,000 from her savings account at the lucky s&l, keeps $50 in cash, and deposits the balance in her checking account at the bank of illinois. What is the immediate change in m1 and m2?.
The spread, or the gap between the interest rates they pay on deposits and the interest rates they get on loans they make, is how they generate revenue.
What is the interest rate right now?The average national 30-year home loan APR is 6.53% as of Friday, December 02, 2022. The average 30-year variable refinance APR, as determined by Bankrate's most recent survey of the biggest mortgage lenders in the country, is 6.57%.
What is the average interest rate?Nominal Interest Rate: What Is It? The rate of interest before accounting for inflation is referred to as the nominal interest rate. The term "nominal" can also apply to the advertised or quoted rate of interest on a loan, which excludes any fees or interest compounding.
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what determines the slope of the aggregate expenditures line? group of answer choices government spending business investment the difference between government revenue and government spending the marginal propensity to consume
The sum of all costs incurred by the economic elements of consumption, government spending, net exports, and investment over a certain time period is known as aggregate expenditure. At each income level, it typically displays the total amount of money that people and companies anticipate to spend on goods and services.
What influences the slope of the line representing total expenditures?The ratio of the change in aggregate spending to the change in real gross domestic product between two points on the line yields the slope of the aggregate expenditure line. The slope is used to quantify the additional spending brought on by an increase in real GDP. Induced expenditures that are dependent on output or revenue are what lead to a positive slope. An increase in income in the overall economy leads to more spending, which raises the slope's positive value.
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The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct labor 7,500 hours at $11.80 Actual Costs Direct labor 7,400 hours at $11.40
The direct labor rate variance is.
A$2,960 favorable
B$4,500 unfavorable
C$2,960 unfavorable
D$4,500 favorable
The variation in direct labor rate is.$2,960 in favor.
The costs of labor that directly result in the production of a product or the delivery of a service are referred to as direct labor rates.Wages, payroll taxes, insurance, retirement match costs, and other benefit costs are all included in these expenses.
How is direct labor rate calculated?
Simply dividing the estimated total labor cost by the total direct labor hours yields a direct labor rate.
What's the wage rate for direct labor?
Direct work alludes to the pay rates and wages paid to laborers that can be straightforwardly credited to explicit items or administrations.It covers things like the cost of regular working hours, overtime, payroll taxes, unemployment taxes, Medicare, and employment insurance, among other things.
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Under a periodic inventory system Oa. accounting records continuounly disclose the amount of inventory Ob. a separate account for each type of merchandise is maintained in a subndiary ledger Oc. Merchandise Inventory is debited when goods are returned to vendors Od. a phytical imventory is taken at the end of the pertod
Physical inventory is taken as part of a periodic inventory system at the conclusion of each month. The right response in this case is option D.
The periodic inventory system involves routine inventory updates. Inventory is recorded in the purchase account under the periodic inventory system up until the physical count is performed, at which point it is moved to the inventory account.
The periodic inventory method has the benefit of eliminating the requirement for separate accounting for inventories of raw materials, work-in-progress, and finished items. The only thing that is noted is purchases.
Physical counts are used in periodic inventory systems to measure inventory levels. After every sale or buy, the perpetual approach updates inventory records continually while keeping track of the inventory balance.
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in order to avoid inequalities in the liquidation process, the legal doctrine of setoff effectively treats loans from partners to the partnership as:
To eliminate disparities throughout the liquidation process, the legal theory of setoff regards debts from partners to the partnership as: A. external loan that can be used to offset a deficit capital account balance
capital account balance
All international capital transactions are recorded in a country's capital account. The influx and outflow of cash in the form of investments and loans are used to calculate income and expenditure. A deficit suggests that more money is going out than is coming in, whereas a surplus indicates that more money is coming in.
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an increase in output that is larger than would be under a fixed exchange rate regime. b. an increase in output that is smaller than would be under a fixed exchange rate regime. c. a decline in output that is smaller than would be under a fixed exchange rate regime. d. a decline in output that is larger than would be under a fixed exchange rate regime.
The required answer is option (d).
An exchange rate that is subject to supply and demand in relation to other currencies is referred to as a floating exchange rate. A fixed exchange rate, often known as a pegged rate, is one that is totally controlled by the government of the currency in question, as opposed to a floating exchange rate.
Exchange rates that are free to fluctuate, operate on an open market where supply and demand and speculative activity determine the price. In this system, if there is a rise in supply but a fall in demand, the price of a currency pair will decline; if there is a gain in demand but a fall in supply, the price will rise.
Therefore, Under a floating exchange rate system, an increase in demand of money will lead to a reduction in output that is larger than that, which would be under a fixed exchange rate system. Hence, Option (d) is the correct option.
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Disclaimer: Your question is incomplete. Please write the complete question by looking over the internet.
smith uses a financial calculator to calculate the issue price of $800,000 face amount bonds. the bonds pay 8% interest semi-annually over a five-year period. the market interest rate is 8%. select the correct input:
The market interest rate is 8%. select the correct input:FV= $800,000 (face is paid in the future)
PMT= 32,000 (Interest payment each 6 months)
N= 10 (number of semi-annual interest payments)
I= 4 (the market rate for 6 months)
Interest is price from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above compensation of the predominant sum, at a selected charge. it's miles wonderful from a price which the borrower may pay the lender or a few third birthday celebration.
Interest is the charge you pay to borrow money or the cost you price to lend money. interest is most customarily contemplated as an annual percentage of the amount of a mortgage. This percent is called the interest price on the mortgage
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what provides the information needed to assess discretionary policy and determine whether it is expansionary, contractionary, or neutral?
Expansionary or "loose" fiscal policy is defined as one that directly boosts aggregate demand through an increase in government spending. The opposite is...
What kind of policy is implemented to combat an expansionary or contractionary recession?Recessions are treated by expansionary fiscal policy. reducing aggregate demand through fiscal policy in order to constrict the economy, which will result in reduced output, increased unemployment, and a lower price level. To correct booms, fiscal policy is contracted.
What are some instances of fiscal policy that is expanding and contracting?When the Congress takes action to lower tax rates or increase government expenditure, the aggregate demand curve is moved to the right. This is known as expansionary fiscal policy. When Congress increases tax rates or reduces government expenditure, the shift in aggregate demand is known as a contractionary fiscal policy.
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