USE THE CASE STUDY

But then the US economic policy of the past four years came along. It brought tax cuts and higher growth. The unemployment rate fell. Wages, particularly for low-income workers, increased. But contrary to Phillips curve thinking, inflation remained the same or even declined. Even as unemployment fell below 4 percent prior to the COVID-19 pandemic, the inflation rate continued to hold or even decline.

Did the economic experiment in the United States during the past four years show us a few things? Perhaps under the right conditions, long-held assumptions just aren't valid?

What are some of those pre-pandemic conditions? Did gains from information technology that we have been expecting for several decades finally kick in, producing larger-than-expected productivity gains to fuel both higher wages and higher profits? How important was the loosening of regulations on business? How much did Federal Reserve policiespumping enough money into the economy to maintain low interest rates, supporting business growth and lower borrowing costshelp? Should we be surprised that economic growth, at least in terms of how we measure it, increased without attendant inflation?

Did we learn some economic lessons in recent years? For example, under the right conditions, is inflation relatively insensitive to wages and unemployment? Over what range of unemployment ratessay, anywhere from 3 to 5 percentdoes this apply? Can we pump trillions of deficit-increasing money into the economy without triggering excessive inflation? What if we spent some of it on added training to fight so-called structural unemployment of workers with the wrong skills for our future economy? With that, could we reduce unemployment to less than 3 percent with little or no inflation?

Or is significantly higher inflation just over the horizon? After all, there is at least a lull in globalization. China's economic development has increased its costs of production and reduced international price competition. Outsourcing may have seen the end of its rapid growth. And workers may belatedly be gaining wage leverage with very low unemployment rates. Savings have accumulated in the US to the point that they could fuel demand that outpaces supply, increasing inflation. Extended ultra-low interest rates may promote all kinds of unwise financial decisions and volatility.

Has the new economy finally arrived? What do you think?

Share your insights in the comments below.

Summing up last month's column

Last month, I askedwhat we could do to sustain organization diversityand whether we err in first hiring a more diverse workforce, perhaps to meet a goal, before working on skills to ensure that new hires feel included in decisions and execution. Respondents conveyed the sense that the challenge is substantial. They suggested, among other things, that organizations need to change their value structure, training, hiring, and measurement.

Danny commented that "Diversity and inclusion must be clearly spelled out in the PURPOSE of the organization ... our core values must speak to D&I."But then the US economic policy of the past four years came along. It brought tax cuts and higher growth. The unemployment rate fell. Wages, particularly for low-income workers, increased. But contrary to Phillips curve thinking, inflation remained the same or even declined. Even as unemployment fell below 4 percent prior to the COVID-19 pandemic, the inflation rate continued to hold or even decline.

Did the economic experiment in the United States during the past four years show us a few things? Perhaps under the right conditions, long-held assumptions just aren't valid?

What are some of those pre-pandemic conditions? Did gains from information technology that we have been expecting for several decades finally kick in, producing larger-than-expected productivity gains to fuel both higher wages and higher profits? How important was the loosening of regulations on business? How much did Federal Reserve policiespumping enough money into the economy to maintain low interest rates, supporting business growth and lower borrowing costshelp? Should we be surprised that economic growth, at least in terms of how we measure it, increased without attendant inflation?

Did we learn some economic lessons in recent years? For example, under the right conditions, is inflation relatively insensitive to wages and unemployment? Over what range of unemployment ratessay, anywhere from 3 to 5 percentdoes this apply? Can we pump trillions of deficit-increasing money into the economy without triggering excessive inflation? What if we spent some of it on added training to fight so-called structural unemployment of workers with the wrong skills for our future economy? With that, could we reduce unemployment to less than 3 percent with little or no inflation?

Or is significantly higher inflation just over the horizon? After all, there is at least a lull in globalization. China's economic development has increased its costs of production and reduced international price competition. Outsourcing may have seen the end of its rapid growth. And workers may belatedly be gaining wage leverage with very low unemployment rates. Savings have accumulated in the US to the point that they could fuel demand that outpaces supply, increasing inflation. Extended ultra-low interest rates may promote all kinds of unwise financial decisions and volatility.

Has the new economy finally arrived? What do you think?

Share your insights in the comments below.

Summing up last month's column

Last month, I askedwhat we could do to sustain organization diversityand whether we err in first hiring a more diverse workforce, perhaps to meet a goal, before working on skills to ensure that new hires feel included in decisions and execution. Respondents conveyed the sense that the challenge is substantial. They suggested, among other things, that organizations need to change their value structure, training, hiring, and measurement.

Danny commented that "Diversity and inclusion must be clearly spelled out in the PURPOSE of the organization ... our core values must speak to D&I."But then the US economic policy of the past four years came along. It brought tax cuts and higher growth. The unemployment rate fell. Wages, particularly for low-income workers, increased. But contrary to Phillips curve thinking, inflation remained the same or even declined. Even as unemployment fell below 4 percent prior to the COVID-19 pandemic, the inflation rate continued to hold or even decline.

Did the economic experiment in the United States during the past four years show us a few things? Perhaps under the right conditions, long-held assumptions just aren't valid?

What are some of those pre-pandemic conditions? Did gains from information technology that we have been expecting for several decades finally kick in, producing larger-than-expected productivity gains to fuel both higher wages and higher profits? How important was the loosening of regulations on business? How much did Federal Reserve policiespumping enough money into the economy to maintain low interest rates, supporting business growth and lower borrowing costshelp? Should we be surprised that economic growth, at least in terms of how we measure it, increased without attendant inflation?

Did we learn some economic lessons in recent years? For example, under the right conditions, is inflation relatively insensitive to wages and unemployment? Over what range of unemployment ratessay, anywhere from 3 to 5 percentdoes this apply? Can we pump trillions of deficit-increasing money into the economy without triggering excessive inflation? What if we spent some of it on added training to fight so-called structural unemployment of workers with the wrong skills for our future economy? With that, could we reduce unemployment to less than 3 percent with little or no inflation?

Or is significantly higher inflation just over the horizon? After all, there is at least a lull in globalization. China's economic development has increased its costs of production and reduced international price competition. Outsourcing may have seen the end of its rapid growth. And workers may belatedly be gaining wage leverage with very low unemployment rates. Savings have accumulated in the US to the point that they could fuel demand that outpaces supply, increasing inflation. Extended ultra-low interest rates may promote all kinds of unwise financial decisions and volatility.

Has the new economy finally arrived? What do you think?

Share your insights in the comments below.

Summing up last month's column

Last month, I askedwhat we could do to sustain organization diversityand whether we err in first hiring a more diverse workforce, perhaps to meet a goal, before working on skills to ensure that new hires feel included in decisions and execution. Respondents conveyed the sense that the challenge is substantial. They suggested, among other things, that organizations need to change their value structure, training, hiring, and measurement.

Danny commented that "Diversity and inclusion must be clearly spelled out in the PURPOSE of the organization ... our core values must speak to D&I."But then the US economic policy of the past four years came along. It brought tax cuts and higher growth. The unemployment rate fell. Wages, particularly for low-income workers, increased. But contrary to Phillips curve thinking, inflation remained the same or even declined. Even as unemployment fell below 4 percent prior to the COVID-19 pandemic, the inflation rate continued to hold or even decline.

Did the economic experiment in the United States during the past four years show us a few things? Perhaps under the right conditions, long-held assumptions just aren't valid?

What are some of those pre-pandemic conditions? Did gains from information technology that we have been expecting for several decades finally kick in, producing larger-than-expected productivity gains to fuel both higher wages and higher profits? How important was the loosening of regulations on business? How much did Federal Reserve policiespumping enough money into the economy to maintain low interest rates, supporting business growth and lower borrowing costshelp? Should we be surprised that economic growth, at least in terms of how we measure it, increased without attendant inflation?

Did we learn some economic lessons in recent years? For example, under the right conditions, is inflation relatively insensitive to wages and unemployment? Over what range of unemployment ratessay, anywhere from 3 to 5 percentdoes this apply? Can we pump trillions of deficit-increasing money into the economy without triggering excessive inflation? What if we spent some of it on added training to fight so-called structural unemployment of workers with the wrong skills for our future economy? With that, could we reduce unemployment to less than 3 percent with little or no inflation?

Or is significantly higher inflation just over the horizon? After all, there is at least a lull in globalization. China's economic development has increased its costs of production and reduced international price competition. Outsourcing may have seen the end of its rapid growth. And workers may belatedly be gaining wage leverage with very low unemployment rates. Savings have accumulated in the US to the point that they could fuel demand that outpaces supply, increasing inflation. Extended ultra-low interest rates may promote all kinds of unwise financial decisions and volatility.

Has the new economy finally arrived? What do you think?

Share your insights in the comments below.

Summing up last month's column

Last month, I askedwhat we could do to sustain organization diversityand whether we err in first hiring a more diverse workforce, perhaps to meet a goal, before working on skills to ensure that new hires feel included in decisions and execution. Respondents conveyed the sense that the challenge is substantial. They suggested, among other things, that organizations need to change their value structure, training, hiring, and measurement.

Danny commented that "Diversity and inclusion must be clearly spelled out in the PURPOSE of the organization ... our core values must speak to D&I."

Question 9.

1.Which of the next types of proceeds are entirely contained within in the company's net gross revenue______

2.Regarding the "Customers" account for January, the following information is available: total accounts receivable 250.000 lei, out of which the beginning accounts receivable balance is 50.000. The ending accounts receivable balance is 20.000. Calculate the value of sales to customers and the value of cash receipts from customers in January

3.The bookkeeping of stocks conferring to the enduring record method comprises________

4.The retail price _______ of a product is planned as trails

5.Company A" wants to start manufacturing a new product during the current year in order to expand its product range. It also intends to use a strategy of quality differentiation from its competitors. Which product strategy is it going to adopt?

6.1. Company A" has decided to launch a new product into a new market. Competition is very intense and the market is attractive. Which marketing strategy should the company adopt in order to launch its product?

7.War between two businesses that offer identical products predestined to meet the same requirements is called:

8.According to the managerial, what is the difference between the managerial economics and economics_______-

9.Which of the following statements about opportunity costs is TRUE?

I. The opportunity cost of a given action is equal to the value foregone of all feasible alternative actions.

II. Opportunity costs only measure direct out of pocket expenditures.

III. To calculate accurately the opportunity cost of an action we need to first identify the next best alternative to that action.

10..Which of the following statements about opportunity cost is TRUE?

I. Opportunity cost is equal to implicit costs plus explicit costs.

II. Opportunity cost only measures direct monetary costs.

III. Opportunity cost accounts for alternative uses of resources such as time and money.

11.4. For a rational consumer who has to choose between two goods in the context of budget constraints, the price change of one of the goods, caeteris paribus, will determine:

12.Which of the subsequent topographies define human requirements: