Joly A loss carryforward is an accounting term that refers to the ability to carry forward a loss from one period to another. This is done in order to offset future profits against the loss, and thereby reduce tax liability. Loss carryforwards can be used to offset income in future years, but they are subject to … Read more
Cyclical unemployment is when joblessness rises during economic downturns. It is caused by a lack of aggregate demand in the economy. Cyclical unemployment can be mitigated by government spending and monetary policy. What is the Phillips curve in macroeconomics? The Phillips curve is a macroeconomic model that describes the relationship between inflation and unemployment. It … Read more
