When the price of hamburgers increases by 10% the demand for burgers decreases and the demand for hot dogs increased by 5%.
What is the cross-price elasticity of demand?When the price of one of the items varies, the cross elasticity of demand analyzes the link between the two. It illustrates how the relative shift in demand for one good changes as the cost of the other increases or decreases.The cross elasticity of demand, also known as the cross-price elasticity of demand, in economics quantifies the relationship between the percentage change in the quantity of a commodity sought and the percentage change in the price of another good, ceteris paribus. The quantity of an item is actually reliant on both the price of "related" products as well as the good's own price (price elasticity of demand).Solution -Given - When the price of hamburgers increased by 10%, the number of hot dogs sold increased by 5%.
Therefore, when the price of hamburgers increases by 10% the demand for burgers decreases and the demand for hot dogs increased by 5%.
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A customer cluster is the same as: Group of answer choices A low-end product preference. A customer market segment. A group of competitors. A premium priced product. None of these answers is correct.
A customer cluster is the same as A customer market segment.
In the context of customer segmentation, customer clustering analysis is the use of a mathematical model to discover similar groups of customers based on finding the smallest differences between customers within each group. These similar groups are called "customer prototypes" or "personas."
The goal of cluster analysis in marketing is to accurately segment customers for more effective customer marketing through personalization. A common method of cluster analysis is a mathematical algorithm called k-means cluster analysis, sometimes called scientific segmentation.
The resulting clusters support better customer modeling and predictive analytics and are also used to target customers with offers and incentives tailored to their needs, needs, and preferences.
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For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. Ending inventory was $7,250. Compute Depot Max's inventory turnover for the year.
Depot Max's inventory turnover for the year is 8.3
Given
Cost of goods sold = $56900
Begining Jovenstory = $6540
Ending Inventory = $7250 .
Average inventory = opening inventory + closing inventory / 2
= $6 540 + $-7250 / 2
Average inventory = $6895
cost of goods old
.: Inventory turnover = cost of goods sold / Average inventory
56900 / 6895
= 8. 252 times
He Depot Max's Inventory 8.3 times (approx ).
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wWhich category are these in? tell me if its: Operating, Investing, Financing, or noncash.
1. _____ Purchase of equipment for cash.
2. _____ Payment of employee salaries.
3. _____ Collection of cash from customers.
4. _____ Cash proceeds from a note payable.
5. _____ Purchase of common stock of another corporation for cash.
6. _____ Issuance of common stock for cash.
7. _____ Sale of equipment for cash.
8. _____ Payment of interest on note payable.
9. _____ Issuance of bonds payable in exchange for land and building.
10. _____ Payment of cash dividends to shareholders.
11. _____ Payment of principal on note payable.
1. —Purchase of equipment for cash is an investing activity.
2. -- payment of employee salary is an operating activity.
3. — Collection of cash from customers also an operating activity.
4. —cash proceed from a note payable is a financing activity.
5. — purchase of stock of another entity is an investing activity.
6. —Issuance of common stock for cash is a financing activity.
7. —sale of machinery for cash is an investing activity.
8. —payment of interest on a note payable is an operating activity.
9. —issuing bonds in exchange for real estate and buildings is a non cash transaction.
10. —payment of cash dividends to shareholders is a financing activity.
11. — Paying off a note's principal is a finance activity.
What is investment activity?Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity. If management is investing in the long-term health of the company, negative cash flow from investing operations could not be a bad indicator.Operating Activities: What Are They?The tasks a company performs that are directly relevant to offering its products and/or services to the market are referred to as operating activities. A product or service is manufactured, distributed, marketed, and sold. These are the company's primary commercial activities.what is financing activity?Transactions involving debt, stock, and dividends are considered financing activities. The cash flow from financing section includes information on debt and equity financing, which varies depending on the capital structures, dividend practices, and debt conditions that particular organizations may have.Non-cash transactions: What are they?Investing and financing-related transactions that don't employ cash or a cash equivalent are known as non-cash transactions. A business engages in a non-cash transaction when it makes a purchase or incurs a cost but does not pay cash for it; instead, the company signs a promissory note or assumes the repayment of an existing loan.learn more about Operating, Investing, Financing, or non cash
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Establishing a Mrs. Fields Cookies franchise inside a Hardees fast-food franchise is an example of ________ franchising
According to the research, the strategy of establishing a Mrs. Fields Cookies inside a Hardees fast-food franchise is an example of co-branding franchising.
What is co-branding franchising?It is the strategy that two certain franchises take in order to increase their profitability by marketing one or more products or services.
It involves the establishment of some kind of working relationship between the franchises, where the costs are generally divided between both parties, allowing the reach and influence of both brands to be increased.
Therefore, we can conclude that according to the research, the strategy of establishing a Mrs. Fields Cookies inside a Hardees fast-food franchise is an example of co-branding franchising.
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McDonald's operates through a franchising system wherein the head office uses strategic and financial controls to ensure that the franchises are creating the greatest possible value. This is an example of a(n):
McDonald's operates through a franchising system wherein the head office uses strategic and financial controls to ensure that the franchises are creating the greatest possible value. This is an example of a strategic network.
A network organization's strategic management is the collection of managerial choices and activities that network management uses to decide in advance what needs to be done and how it should be done.
Strategic networking is the capacity to mobilize data, assistance, and resources from one area of a network to achieve goals in another, as Ibarra and Hunter discovered in their research.
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When the central bank decides to increase the discount rate, the: money supply increases. interest rates decrease. interest rates are unaffected. interest rates increase.
The correct option is D). interest rates increase.
What happens when the central bank increases or reduces the discount rate?When the central bank increases the discount rate, there will be a decrease in the amount of reserves in the banking system.
If central bank decrease the discount rate, then it will be cheaper for commercial banks to borrow money.
Basically, When the central bank decides to increase the discount rate then the interest rates increase.
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An investor buys a $100,000, 10% corporate bond maturing in 2032 for $125,000. The bond is callable starting in the year 2022. What is the most appropriate measure for calculating yield
The best measure for calculating yield that the investor can use for the bond is C. Yield to Call.
What is Yield to Call?The bond is a callable bond which means that there is a chance the issuer will call it if interest rates drop too low.
The fact that the bond was purchased at the premium (price higher than par) means that interest rates are low so there is a good chance of the bond being called.
The investor should therefore use the yield to call which would take into account the possibility of the bond being called.
Options for this question include:
A. Total Return
B. Current Yield
C. Yield to Call
D. Yield to Maturity
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The wood shop generates $. 97 in sales for every $1 invested in total assets. Which one of the following ratios would reflect this relationship?.
Answer:
Total asset turnover
Explanation:
b
John is 17 years old and he earned $3,500 in a summer job. His grandparents just gave him a gift of $5,000 to help him learn financial responsibility (nice grandparents). How much can John contribute to an IRA (Traditional or Roth)
"John is 17 years old and he earned $3,500 in a summer job. His grandparents just ..."John can contribute $3,500 to an IRA. This is further explained below.
What is IRA?Generally, For those looking to save and invest for their retirement, an individual retirement account (IRA) is a kind of savings account that offers favorable tax treatment.
In conclusion, "John, who is just 17, worked all summer and saved $3,500. Just recently, his grandparents..." John has an annual IRA contribution limit of $3,500.
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A supervisor engaged in ______ is grouping people, tasks, and resources into organizational units to facilitate the planning, leading, and control processes. Group of answer choices job enrichment departmentalization functionalization task integration task design
The supervisor is engaged in departmentalization.
Departmentalization or departmentation is a process in which jobs/teams are integrated into functional units called departments based on their area of competence in order to meet the organization's goals. As a result, the entire organization is split into portions, i.e. departments, which consist of a group of people that carry out identical duties.
It specifies which functions/activities will be hosted and coordinated in the same location. Furthermore, it organizes the employees who will carry out the designated functions/tasks.
Therefore, the correct option is departmentalization.
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Think of the simple quantity theory of money in the AD-AS framework. In that framework, the AS curve is a.horizontal. b.upward-sloping. c.kinked at Natural Real GDP. d.vertical. e.downward-sloping.
In the simple quantity theory of money in the AD-AS framework, the AS curve kinked at natural real.
What is AS curve or Aggregate Supply Curve?The amount of real GDP that the economy produces at various price levels is represented by the aggregate supply curve. The methodology used to build the supply curve for all products and services is different from the methodology used to build the supply curve for individual goods and services. It is assumed that input prices will remain constant when calculating the supply curve for a certain good.The price level, however, defines the aggregate supply curve. As the price level rises, producers will be able to charge more for their goods, which will stimulate production. However, a price increase will also have a secondary effect that will eventually result in an increase in input prices.To learn more about the Aggregate Supply Curve refer to:
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Tomatoes are an input in the production of salsa. If the price of tomatoes rises sharply, this will cause:
Answer:
It will lead to the increase in the price of salsa , a situation known as inflation .
Explanation:
Inflation is the rise of price of products , as a result of many factors including production cost which is the case in this scenario.It is usually timely and may affect the cost of living in a country .
It may be as a result of ;
Demand pull inflation Cost push inflation (which is the case in our illustration)Built in inflation
Demand surge , causes inflation if the consumers are willing to pay more for the product .Other factors such as the rise in the wages of the employees in the production field together with the rise in the prices of raw materials can be a huge cause for inflation .
How can a country tell if it is operating at full potential?
Answer:
The maximum amount of goods and services an economy can turn out when it is most efficient.
What is the term for the level of output at which the sales revenue of the firm just covers the fixed and variable costs including normal profits
When the level of output leads to sales revenue that covers the fixed and variable costs, this is called the Breakeven Point.
What happens at the Breakeven point?This is the point where the company has sold enough units to make back its variable and fixed costs.
At this point, the company would be making $0 profits which is also considered in business to be the normal profit.
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Suppose the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The government is engaging in a(
When the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The government is engaging in "neutral fiscal policy".
What is neutral fiscal policy?When a government choice to tax, spend, or borrow has, or is meant to have, no overall impact on the economy, the action is considered fiscally neutral. Changes in policy can be viewed as neutral in terms of either their macroeconomic, microeconomics, or both effects.
fiscal neutrality occurs when taxes and government spending have no net effect-
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A tax on sellers shifts the: demand curve to the right. supply curve to the right. demand curve to the left. supply curve to the left.
A tax on sellers shifts the supply curve to the left. The correct option is option 'D'.
If the tax is imposed on sellers.
This means that the sellers will have to increase the cost of producing the products.
Which would lead to a decrease in the number of profits they would receive from selling a product.
Therefore, fewer and fewer sellers will produce goods with high costs and low profits.
Therefore, this would ultimately lead to a decrease in the quantity supplied by the producer even when there is no change in the price of the product.
This will result in an upward (leftward) shift in the supply curve.
Hence, if the tax is imposed on the supplier supply curve shifts toward the left.
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The Bank of Dallas has excess reserves of $30 million, deposits of $180 million, and the required
reserve ratio is 10%.
a.
What is the value of this bank's total reserves?
b. How much money is invested in loans and bonds?
The Bank of Dallas has excess reserves of $30 million, deposits of $180 million, and the required reserve ratio is 10%. $48 million is the value of this bank's total reserves. $30 million is invested in loans and bonds.
Here, reserve required to be maintained is $180*10% = $18million. Given the excess reserve is $3o million. Therefore, the total value of this bank reserve is $48 million. And the excess reserve i.e. $30 million should be invested in loans and bonds.
Bank reserve are calculated by multiplying its total deposits by the reserve ratio. Therefore $18 million should be reserve required. And excess should be invested in loans and bonds.
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How long a company holds inventory before selling it can be measured by dividing cost of goods sold by the average inventory balance to determine the:
The Inventory Turnover Ratio, which can be calculated by dividing the cost of goods sold by the average inventory balance, can be used to measure how long a company keeps inventory before selling it.
Businesses may make better judgments in a range of areas, such as pricing, production, marketing, purchasing, and warehouse management, by measuring and calculating inventory turnover. In the end, the inventory turnover ratio measures how well the business makes sales from its inventory.
Inventory Turnover Ratio = Cost of Goods Sold / Avg. Inventory
Average inventory = (beginning inventory + ending inventory) / 2
The inventory turnover ratio calculates how frequently inventory is sold and replaced during a specific time frame.
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The ________ finances the export activities of companies in the United States and offers insurance on foreign accounts receivable.
The Export-Import Bank finances the export activities of companies in the United States and offers insurance on foreign accounts receivable.
Export-Import BankA federal organization called the Export-Import Bank of the United States (EXIM) offers a range of resources to support the export of American products and services. The Bank's goal is to finance the selling of American exports to foreign customers in order to create and maintain jobs in the United States. EXIM provides solutions like buyer financing, export credit insurance, and working capital access to American exporters and their clients. Second, EXIM offers buyer finance to match or compete with the financing provided by over 96 ECAs throughout the world when U.S. exporters face foreign competition supported by other governments.\To learn more about Export-Import Bank refer to:
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Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is ______.
Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.
What is gross profit?Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.
Explanation:- Gross Profit = (Net Sales – Cost of Goods Sold)
= ($50,000- $30,000)
= $20,000
Hence, the gross profit of the Blog Inc., would be $20,000.
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If the german automobile manufacturer, volkswagen, builds a new factory to produce volkswagens in pennsylvania, which component of gdp would be affected?
The component of GDP that includes net exports and business investment will be affected If the German manufacturer builds a new factory to produce volkswagens in pennsylvania.
What are components of gross domestic product?In economics, the components of gross domestic product includes the personal consumption, business investment, government spending and net exports.
Hence, the component of GDP that includes net exports and business investment will be affected by the decision.
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When Men's Wearhouse fired a salesperson who wasn't sharing walk-in customer traffic, and total clothing sales volume among all salespeople increased significantly, the company Group of answer choices increased speed. reduced costs. increased productivity. improved quality. reduced destructive internal competition.
When Men's Wearhouse fired a salesperson who wasn't sharing walk-in customer traffic, and total clothing sales volume among all salespeople increased significantly, the company reduced destructive internal competition.
What is a destructive competition?Multiple producers being driven out of the market by competition.When there are numerous manufacturers of a good, prices are frequently driven down to the point that nobody makes a profit, which is when destructive competition takes place.What do you mean by internal competition?The aforementioned components are the foundation of our concept of internal competition, which is senior management-sanctioned duplication or overlap of activity within the firm's boundaries in an effort to resolve market or technology uncertainties.Is competition is constructive or destructive?However, competition can really be divided into two types: healthy competition and unhealthy competition. Two competitors may work better together or may just cause mutual stress, similar to waves crashing into one another to create a larger wave.
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John produces furniture's which he sells at his sales office .he estimates that the investment for plant and equipment will be $225000,where labor material,packaging,shipping will be about $1000 per item.if the furniture's are sold for $3000 each what volume is necessary for john to break even ?
The volume necessary to break even is 113 pieces of furniture
What is breakeven volume?
Breakeven volume is the number of output required for the firm to achieve a zero profit, where total costs are the same as the total revenue.
Breakeven can be determined as the fixed cost divided by the contribution margin per unit(i.e. sales price minus variable cost)
breakeven=fixed cost /(sales price-variable cost per unit)
fixed cost=cost of plant and equipment=$225000
sales price-variable cost per unit=$3,000-$1,000
sales price-variable cost per unit=$2,000
breakeven=$225000/$2,000
breakeven=112.50(units of furniture cannot be fractional, 113 is the correct answer)
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To break even, the volume of production and sales that John requires is 113 units of furniture.
What is break-even analysis?Break-even analysis is an accounting tool that shows the break-even point and enables management to make production and sales volume decisions.
At the break-even point, the total costs and total revenue are equal. This implies that at this point, there is no profit or loss.
The break-even point in units can be computed as fixed costs divided by contribution margin per unit.
Data and Calculations:
Fixed costs = $225,000
Variable costs (direct labor, materials, and selling) = $1,000
Selling price per unit = $3,000
Contribution margin per unit = $2,000 ($3,000 - $1,000)
Break-even point in units = 113 ($225,000/$2,000)
Thus, to break even, the volume of production and sales that John requires is 113 units of furniture.
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A goal of monetary policy and fiscal policy is to Question 35 options: offset the shifts in aggregate demand and thereby eliminate unemployment. offset shifts in aggregate demand and thereby stabilize the economy. enhance the shifts in aggregate demand and thereby create fluctuations in output and employment. enhance the shifts in aggregate demand and thereby increase economic growth
A goal of monetary policy and fiscal policy is to offset shifts in aggregate demand and thereby stabilize the economy.
What are the goals of monetary policy and fiscal policy?In order to achieve macroeconomic policy goals like price stability, full employment, and steady economic growth, central banks must implement monetary policy.
The federal government's tax and spending policies are referred to as fiscal policy.
Regular objectives of monetary and fiscal policy include stabilizing prices and wages, achieving or maintaining full employment, and achieving or maintaining a high rate of economic growth. The 20th century saw the establishment of these ideals as legitimate aims of governmental economic policy as well as the creation of the means by which to accomplish them.
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Naomi is a market researcher for her company, which designs and manufactures carpets and rugs. She travels globally to conferences and trade shows to track current trends in her industry. During one trip, Naomi learns about a new dye technique that results in more resilient color at a lower cost. She brings the relevant information back to her team and other experts in her company to discuss the feasibility of implementing this technique in their products. Which competitive force has Naomi capitalized on to benefit her company's manufacturing processes
The answer is, Rivalry among existing competitors.
Rivalry among current rivals is high when numerous rivals occupy the same position in the market, and is low when there are few rivals.Companies are continuously looking for ways to differentiate their services and goods from those of competitors, or at the very least, to reduce the benefits of that competitors' services or products. When new technologies arise that could give a competitor an advantage in the market, this is a crucial factor to take into account.What is rivalry among existing competitors?Competitive rivalry is a gauge of how fiercely existing firms compete with one another. Competitive activities like price lowering, higher advertising costs, or investing on service/product innovation and improvements can reduce profits and foster competition.What are the 3 types of rivalry?James Mark Baldwin identified three basic categories of competition in his 1902 Dictionary of Philosophy and Psychology: biological rivalry, personal or conscious rivalry, and economic and industrial rivalry.Learn more about Rivalry among existing competitors here:
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Suppose there are only three firms in a market. The largest firm has sales of $500 million, the second-largest has sales of $300 million, and the smallest has sales of $200 million. The market share of the largest firm is HINT: Know How to Calculate Market Share (Market Share of the Largest Firm in this Problem). Group of answer choices None of the Answers are Correct. 60 percent 50 percent 40 percent 100 percent
The Correct Answer is - Option (2) 50 Percent
According to question , We are given.
There are only three firms in a market.The largest firm has sales of $500 million.The second-largest has sales of $300 million.The smallest has sales of $200 million.As we know:
Total sales of the largest company = $500 million.
Total sales of the market = Sales of largest firm + Sales of second largest firm + Sales of smallest firm.
Total sales of the market
⇒ $500 million + $300 million + $200
= $1000 million
Market Share = Total sales of the firm/total sales of the market × 100
⇒ 500/1000 × 100
= 50 %
Therefore, Market Share of the largest firm is 50%
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Correct Question - Suppose there are only free firms in a market. The largest firm has sales of $550 million, the second largest has sales of $300 million, and the smaller has sales of $200 million. The market share of the largest firm is
1) 60 percent
2) 50 percent
3) 40 percent
4) 100 percent
Torch Industries can issue perpetual preferred stock at a price of $53.50 a share. The stock would pay a constant annual dividend of $4.50 a share. What is the company's cost of preferred stock, rp
The company's cost of preferred stock is $0.084 or 8.4%.
What Are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
[tex]cost of preferred stock=\frac{annual dividend }{price of stock}[/tex]
[tex]cost of preferred stock =\frac{ 4.50}{ 53.50}[/tex]
cost of preferred stock = $0.084
cost of preferred stock = 8.4%
Hence, the company's cost of preferred stock is $0.084 or 8.4%.
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What are the effects of gangs on communities? check all that apply. business owners and families are intimidated by gang members. homicide rates increase. the number of young people who are incarcerated declines. young people who join gangs are more likely to become career criminals. gang violence results in millions of dollars to taxpayers.
The effects of gangs on communities are:
Business owners and families are intimidated by gang members. young people who join gangs are more likely to become career criminals.Option A and C is the answer
What are the effects of gangs?Gangs is formed When number of people come together. It could be intimidating to members of the community because of their activities and number.
Several career criminals emerge from among them due to negative influence from among the members.
Therefore, The effects of gangs on communities include business owners and families are intimidated by gang members.
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Answer:
A.) Business owners and families are intimidated by gang members.
B.) Homicide rates increase.
D.) Young people who join gangs are more likely to become career criminals.
E.) Gang violence results in millions of dollars to taxpayers.
Explanation:
edge
A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers is called a(n): distribution channel. marketing channel. supply chain. information system. value chain.
(c)
Supply chain
It is the network between company and suppliers which is to be created to produce & distribute the particular product to final customer.It is the sequence of all organizations, activities, technology, individuals and resources involved in creation (production) and sale (distribution) of a commodity.It's main aim is to focus on coordinating among all the departments to improve efficiency, reduce cost, customer satisfaction. Supply chain provides the centralized controlThere primary functions are:PurchasingManufacturingInventory managementDemand PlanningWarehousingContinuous model, fast model, efficient model etc are the types of supply chain.learn more about this here-
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If Congress passed a tax increase at the request of the president to reduce the budget deficit, but the Fed held the money supply constant, then the two policies together would generally lead to ______ income and a ______ interest rate.
If Congress passed a tax increase at the request of the president to reduce the budget deficit, but the Fed held the money supply constant, then the two policies together would generally lead to option(a) i.e, lower income and a lower interest rate.
What is a budget deficit?When ongoing expenses are higher than regular operating revenue, a budget deficit results. Budget deficits may result from specific unforeseen circumstances and initiatives. Tax increases and spending reductions are two ways that nations might deal with budget problems.
Inflation, or the ongoing rise in prices, is one of the main threats posed by a budget deficit. A budget deficit in the US may lead to the Federal Reserve releasing more money into the economy, which fuels inflation. Year after year, ongoing budget deficits may result in inflationary monetary policy.
The relationship between deficits and interest rates is more clearly demonstrated when the deficits are used to fund government spending than by tax reductions. If tax cut recipients save part of the money they receive from the tax cut, the impact of the tax cut on interest rates should be minimized.
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The complete question is:
If Congress passed a tax increase at the request of the president to reduce the budget deficit, but the Fed
held the money supply constant, then the two policies together would generally lead to ______ income and
a ______ interest rate.
a) lower; lower
b) lower; higher
c) no change in; lower
d) no change in; higher