Counter-cyclical fiscal measures are policy measures which counteract the effects of the economic cycle.
What is economic cycle.?
The four cyclical stages of the economy—expansion, peak, contraction, and trough—are collectively referred to as an economic cycle. The stage of the economic cycle we are in at the moment can be determined by variables like GDP, interest rates, total employment, and consumer spending.
Fiscal policy actions that counteract the effects of the economic cycle are known as countercyclical fiscal measures. When the economy is slowing, for instance, countercyclical fiscal policy actions might include raising spending on the government or lowering taxes to encourage economic recovery.
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Answer:
Purchases= $3,620
Explanation:
Giving the following information:
Beginning inventory= $720
Ending inventory= $640
Purchase= ?
Used in the period= $3,700
<u>To calculate the purchases, we need to use the following formula:</u>
Purchases= used in the period + desired ending inventory - beginning inventory
Purchases= 3,700 + 640 - 720
Purchases= $3,620
Strategically, a company may phase out or sell an SBU this is known as DIVESTMENT.
Divestment is the process of selling an asset to obtain financial goals. Divesting involves a company selling its assets to improve its value and obtain higher efficiency.
Globalization is the increase in the flow of goods, services, capital, people, and ideas across international borders. Globalization changes the way nations, businesses and people interact. Specifically, it changes the nature of economic activity among nations, expanding trade, opening global supply chains and providing access to natural resources and labor markets.
