During which one of the following decades was the goal of 4 percent unemployment set as an acceptable compromise between our full employment and inflation goals?
1960s.
1970s.
1980s.
1990s.

Answers

Answer 1

The goal of 4 percent unemployment as an acceptable compromise between full employment and inflation goals was set during the 1960s.

During the 1990s, the United States was experiencing low levels of unemployment, with rates consistently below 6 percent. However, the Federal Reserve was concerned that the low unemployment levels could lead to an increase in inflation. The traditional Phillips Curve, which showed an inverse relationship between unemployment and inflation, suggested that low unemployment could lead to higher inflation. To address this concern, the Federal Reserve, under the leadership of Alan Greenspan, set a goal of 4 percent unemployment as an acceptable compromise between full employment and inflation goals. This goal was meant to balance the benefits of low unemployment with the need to control inflation. The goal of 4 percent unemployment was achieved in the late 1990s, with unemployment rates reaching a low of 3.8 percent in 2000. However, the dot-com bubble burst and the September 11 terrorist attacks in 2001 led to a recession and rising unemployment rates. The Federal Reserve continued to adjust its policies to balance the goals of full employment and price stability in the following years.

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Answer 2

The decade in which the goal of 4 percent unemployment was set as an acceptable compromise between full employment and inflation goals is: 1960s (option A).


This goal was established as a balance between the objectives of full employment and inflation control during the 1960s. It was considered an acceptable compromise to maintain a healthy economy while minimizing the negative effects of inflation.

Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given time.

True full employment is an ideal—and probably unachievable—situation in which anyone who is willing and able to work can find a job, and unemployment is zero. It is a theoretical goal for economic policymakers to aim for rather than an actually observed state of the economy. In practical terms, economists can define various levels of full employment that are associated with low but non-zero rates of unemployment.

Therefore. the correct option is A. 1960s.

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Related Questions

which of the following challenges facing hr is related to technology becoming more prevalent in many previously unskilled environments? a. shifts in industries/retraining b. baby boomer retirements c. decreased employee loyalty d. differing benefits preferences

Answers

A. Shifts in industries/retraining is the challenge related to technology becoming more prevalent in many previously unskilled environments.

As technology advances, many unskilled jobs are becoming automated, so employees must be retrained in order to remain employable. This can be a daunting and expensive task for employers, as it may require significant investments in employee training and development for certain industries. Additionally, some employers may have difficulty finding qualified workers to replace those who are retiring or being made redundant due to automation.

This creates a wide range of challenges for human resources departments. They must decide how to best allocate resources towards retraining, and find the most cost effective ways to do so. Companies may need to consider new sources of labour, such as contract workers or offshore staff, in order to remain competitive and meet staffing requirements. Additionally, they must ensure compliance with relevant legislation and regulations, while providing a safe and equitable working environment. Furthermore, they must also consider how to ensure that their retraining initiatives are both effective and cost-efficient. HR departments will also need to ensure a smooth transition for those employees who are being retrained, as well as for those who are entering the workforce for the first time.

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The difficulty associated with technology becoming more prevalent in many previously unskilled environments is shifting in industries and retraining. In this case, option A is correct

Many low-skilled jobs are becoming automated as a result of technological advancements, so workers must retrain in order to stay employable. Due to the potential need for significant investments in employee training and development for some industries, this can be a challenging and costly task for employers. Additionally, some employers might have trouble replacing those who are retiring or losing their jobs as a result of automation with qualified workers.For human resources departments, this poses a variety of difficulties. They must choose how to best allocate funds for retraining and identify the most economical strategies for doing so. Companies might need to think about new labor sources.

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Interpersonal conflict _________________.

Answers

Relationships often experience interpersonal strife. As a result, choice (B) is the adequate answer.

What is interpersonal conflict?

Any disagreement between two or more persons might lead to an interpersonal conflict. Differences in objectives, standards, opinions, or access to resources are frequently the root cause of disagreements.

Any situation where individuals are present can lead to interpersonal disputes, including the workplace, the family, the classroom, and interpersonal or professional connections. Fortunately, there are a number of approaches to conflict resolution that allow you to maintain your connection.

Even while it can occasionally be beneficial, fighting can be challenging for many people. Many people try to avoid conflict, defend themselves, or attack.

Hence, option (B) is accurate.

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Whom does the government and public administration career clutter serve?
A. Private citizens
B. Army and navy
C. Government employees and the military
D. National security and the foreign service

Answers

B i’m pretty sure if not i think it would be d

Answer:

it is A. Private citizens

Explanation:

edge 2020 :)

Which example best shows a safety issue related to a large manufacturing business?

Question 13 options:

The machines at the business are found to waste energy and cause excess costs.


Broken machinery and flammable chemical containers are left sitting in the parking lot.


Poverty has forced the neighborhood surrounding a business to become deserted.


The flu season has caused a high rate of absent employees at the business.

Answers

The example that best shows safety issue is B. Broken machinery and flammable chemical containers are left sitting in the parking lot.

How is this a safety issue ?

Improperly repaired or unremoved broken machinery poses a significant risk of potential accidents and injuries to workers. Also, maintaining flammable chemical containers in the parking lot can trigger explosive or harmful situations where chemicals may leak or ignite.

This, in turn, could lead to unfavorable outcomes by endangering the employees, visitors, as well as the surrounding environment. However, other available options unrelated to security might pertain to cost reduction measures for energy conservation purposes aimed at achieving financial and environmental benefits.

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Suzie pays her insurance company every month for coverage for her car. This payment is called the ___. deductible premium contribution liability

Answers

Answer:

premium

Explanation:

Premium is the term given to the regular and periodic payments that the insured makes to the insurance companies. Premiums are the payments for the insurance coverage.

Insurance coverage is a contract between the insurance company and the customer. As per the contract agreement, the company provides insurance coverage, and the customer pays premiums. In other words, Premium is the consideration for the insurance coverage.

Deflation will Part 2 A. increase aggregate demand. B. decrease aggregate demand. C. decrease the quantity of real GDP demanded. D. increase the quantity of real GDP demanded.

Answers

Therefore, the correct answer is B. decrease aggregate demand and C. decrease the quantity of real GDP demanded.
In summary, deflation typically leads to a decrease in aggregate demand and a decrease in the quantity of real GDP demanded. This is because falling prices can cause consumers to delay purchases and businesses to reduce production.

Deflation refers to a decrease in the general price level of goods and services in an economy. It is important to note that deflation is generally considered to be negative for an economy because it can lead to a decrease in consumer spending and business investment.

Now, let's analyze the impact of deflation on aggregate demand and the quantity of real GDP demanded.

B. Decrease aggregate demand:
Deflation usually leads to a decrease in aggregate demand. When prices fall, consumers may delay their purchases in anticipation of even lower prices in the future. This decrease in consumer spending reduces overall demand in the economy.

C. Decrease the quantity of real GDP demanded:
As aggregate demand decreases, businesses may produce less since they anticipate lower demand for their products. This decrease in production results in a decrease in the quantity of real GDP demanded.

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Indicate how many stereoisomers are possible for each compound.

Answers

There are two stereoisomers possible for each compound.

In a given compound, how many stereoisomers can exist?

Stereoisomers are molecules that have the same chemical formula and connectivity of atoms but differ in the spatial arrangement of their atoms.

They can occur when there is restricted rotation around a bond or when there are multiple chiral centers in a molecule.

In the case of the given compounds, there are two stereoisomers possible for each compound. This means that there are two different ways in which the atoms can be arranged in three-dimensional space while maintaining the same chemical formula and connectivity.

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which of the following is NOT on a credit report

Late medical payments

Repayment history

Buying habits

Public records

Answers

Answer: The correct answer to the question is option C

BUYING HABITS.

To effectively answer the question,let's look at the definition of credit report and the options given..

A credit report is simply a record that is reported by one's lenders and creditors to the credit agency.they contains one's personal information, public records, credit enquires and credit account history.

LATE MEDICAL PAYMENT, REPAYMENT HISTORY AND PUBLIC RECORDS all has to do with credit

bureaus while buying habit doesn't have anything to do with credit bureaus rather it is when an individual or consumer purchases a particular type or brand of product concurrently without a change in another brand of the same product.it is mostly as a result of the satisfaction the individual gets from that brand of product.

Describe how human desires would be met with no scarcity.

Answers

Answer:

Human needs are the impulse that individuals have to access certain goods or things. Scarcity, in turn, is the lack of goods or things to meet the needs of all humans in general.

Therefore, all human needs could be covered without major problems if the phenomenon of scarcity did not exist, that is, if there were more goods available than those demanded by society.

What are the advantages of crème makeup over pancake makeup?

Answers

Answer:

Explanation:

Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge. Great for All Skin Types. Because Cream foundation works well on all skin types it will answer the question whether it is right for you. .. So both are great for skin depending on what brand or kind

Answer:

       Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge or beauty blender.

When a buyer purchases a property that has an existing mortgage loan, the buyer does not add his or her signature to the note, meaning the buyer does not take on any personal liability. In this case, the buyer is said to:

Answers

When a buyer purchases a property that already has an existing mortgage loan, the buyer is essentially taking on the responsibility of paying off the remaining balance on the loan. However, the buyer does not need to add their signature to the note, which means that they do not take on any personal liability for the debt. This scenario is known as an assumption.

An assumption is a process where the buyer takes over the existing mortgage loan of the seller, without the need to obtain a new loan. This process can occur in various situations, such as when the seller wants to sell their property but still has an outstanding mortgage on it. In this case, the buyer can assume the mortgage and take over the payments, which helps to simplify the buying process.

Assuming a mortgage can be beneficial for both the buyer and the seller. For the buyer, they do not have to go through the lengthy process of obtaining a new mortgage, which can be time-consuming and stressful. Additionally, the terms of the existing mortgage loan may be more favorable than what the buyer could obtain on a new loan.

For the seller, an assumption can make their property more attractive to potential buyers, as it can make the buying process smoother and quicker. Additionally, if the seller has a low-interest rate on their mortgage, the buyer can assume that rate, which could make the property more desirable.

In conclusion, when a buyer purchases a property with an existing mortgage loan and does not add their signature to the note, they are said to have assumed the mortgage. This process can be beneficial for both the buyer and the seller, as it can simplify the buying process and provide favorable loan terms.

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______ is when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.

Answers

The best description of the definition given above is Related diversification because it entails when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.

What is Related diversification?

Related diversification refer to a situation when a firm change into another new industry that is very similar with the firm's existing industry or industries

The benefit of related diversification is it allow the sharing of related resources and ensures profit of real diversification.

Therefore, Related diversification is when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.

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the key reasons that an organization should adopt planning and strategic management are to:

Answers

Let understand that Strategic planning is the approach used to for process of documenting and establishing the direction of the organisation goals and objectives.

Strategic planning creates an organization vision, mission and priorities etc

Let understand that "Strategic management" refers to the overall process of strategic planning to implementation and executing of other plan.

The key reason for adopting these plan are:

Gives direction and momentum: The plans gives an organization direction on how to operate.Encouragement of new ideas: The plans helps to encourage new ideas because the business new to expand.Its gives Sustainable competitive advantage.

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If left uncontrolled the high blood pressure can cause 1. Kidney disease 2. Heart failure 3. Stroke 4. All of above

Answers

If left uncontrolled, high blood pressure can cause kidney disease, heart failure, and stroke. Therefore, the correct option is 4. All of the above.

What is high blood pressure?

High blood pressure, also known as hypertension, is a chronic medical condition that occurs when the blood pressure in the arteries rises above the normal range. It is defined as a systolic blood pressure of 140 mm Hg or higher and a diastolic blood pressure of 90 mm Hg or higher.

Blood pressure can be controlled by making lifestyle changes like adopting a healthy diet, engaging in regular exercise, limiting alcohol intake, avoiding smoking, and maintaining a healthy weight. In addition, doctors can prescribe medications to control blood pressure if lifestyle modifications alone are not effective.

If left untreated, high blood pressure can cause damage to your body's vital organs, including the kidneys, heart, and brain. Kidney disease, heart failure, and stroke are some of the severe complications that can arise due to high blood pressure. Therefore, it is critical to manage hypertension effectively.

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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What is an economy?

Answers

Answer: LOOK

Explanation:LOOK

What is an economy?

How do you reboot your email program?

Answers

Hold down the Ctrl and Alt keys together and press the “Delete” key. On the new screen that will appear, click “Task manager”.

A new window will be displayed, displaying a listing of programs that are running on your computer, right-click on Outlook, and pick out “End task” from the drop list. Outlook will close.

How do you reboot your Outlook e mail program?

To restart, truely exit the Microsoft 365 applications, such as Word or Outlook, and start them again.

Why my Outlook email is now not working?

Check your Internet connection on your device. Check for any internet browser updates on your device. Reinstall web browsers onto your system to make sure that you have the most updated ones. Check to see if your computer/device has any pending or important updates to run overall.

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Example metrics of success for usability testing

Answers

Usability testing is a critical aspect of the user-centered design process that aims to evaluate the effectiveness, efficiency, and satisfaction of a product. Some example metrics of success for usability testing include task completion rate, time on task, error rate, user satisfaction, and user retention rate.

To measure the success of usability testing, it is important to define relevant metrics that reflect the goals of the testing process. Task completion rate measures the percentage of users who can complete a specific task successfully, while time on task evaluates the amount of time users take to complete a task.

Error rate measures the number of errors users make while completing a task, and user satisfaction assesses how satisfied users are with the product. Finally, the user retention rate evaluates the percentage of users who continue to use the product after the testing process. By tracking these metrics, usability testers can determine the effectiveness of their design choices and make informed decisions to improve the product.

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Nataro, incorporated, has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, a tax rate of 21 percent, and paid out $125,000 in cash dividends. the common stock outstanding is 75,000 shares.

Answers

Earning per share (EPS) is 3.75Dividends per share are 1.65

Nataro incorporate:

sales $742,000Cost $316,000depreciation expense of $39,000interest expense of $34,000tax rate 21%paid out cash dividends of $125,000common stock outstanding 75,000 shares

Net Income/total shares outstanding net income =
((Sales - cost - depreciation expense - interest expense) - [(sales - cost - depreciation expense - interest expense) × tax rate] )/ common stock outstanding
= ((742,000 - 316,000 - 39,000 - 34,000) - [(742,000 - 316,000 - 39,000 - 34,000)×0.21]) ÷ 75,000
= (353,000 - 74,130) / 75,000
= 278,870 / 75,000
= 3.72Total dividends/total share outstanding = 125,000 / 75,000 = 1.65

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Which of the following circumstances generally will cause a discharge of contractual duties by operation of law?
Possible Answers:
Anticipatory retaliation
Novation
Impossibility of performance
Accord and satisfaction

Answers

The correct option is D, The circumstance that generally causes a discharge of contractual duties by operation of law is the impossibility of performance.

Contractual duties refer to the obligations and responsibilities that are set out in a legally binding agreement between two or more parties. These duties may be explicit or implied, and they vary depending on the nature of the contract and the expectations of the parties involved.

Some common contractual duties include the obligation to pay for goods or services, the duty to provide goods or services as specified in the contract, the duty to maintain confidentiality, the duty to comply with applicable laws and regulations, and the duty to provide notice in case of breach or termination of the contract. Failure to fulfill these contractual duties can result in legal consequences, such as breach of contract claims, damages, or termination of the agreement.

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Senior managers engage in ______ when they structure the organizational relationships to work cooperatively to achieve goals.

Answers

The thing which senior managers engage in when they structure the organizational relationships to work cooperatively to achieve goals is:

Efficiency and Effectiveness.

What is Efficiency?

This refers to the ability to perform a task or tasks quickly, accurately and with minimal error.

With this in mind, we can see that when senior managers prioritize efficiency and effectiveness in their organizational structure, then they would easily accomplish goals.

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What would you do if fear was not a factor and you could not fail?

Answers

Answer:

I would take advantage while it still lasts

Explanation:

but in real life that actually is a thing to I cry myself to sleep

.A manufacturing business has purchases of raw materials of $4,500, closing inventory of $1,400 and opening inventory of $800. What is the cost of raw materials used in production?

Answers

Answer:

Cost of raw materials used = $5,100

Explanation:

Given:

Purchases of raw materials = $4,500

Closing inventory = $1,400

Opening inventory = $800

Find:

Cost of raw materials used

Computation:

Cost of raw materials used = Opening inventory + Purchases of raw materials - Closing inventory

Cost of raw materials used = 1,400 + 4,500 - 800

Cost of raw materials used = $5,100

The government has the most influence over the production of goods and services in which economic system

Answers

Answer:

It’s command my good sir

Explanation:

Apex told me so

Answer:

Command

Explanation:

Apx

What customers constitute the business market?​

Answers

Answer:

The business market consists of four major categories of customers: producers, resellers, governments, and institutions. Producers-include profit-oriented organizations that use purchased goods and services to produce or incorporate into other products.

Explanation:

hope this helps

Identify two other examples of products which might be sold directly to retailers rather than using a wholesaler

Answers

There are many products that may be sold directly to retailers without going through a wholesaler. The first example that comes to mind is luxury goods. High-end fashion brands such as Gucci, Prada, and Louis Vuitton often have exclusive retail stores where they sell their products directly to customers.

These stores may also sell to other retailers who want to stock their products, but they typically have a direct relationship with the brand and don't require the services of a wholesaler.Another example of products that may be sold directly to retailers is niche or specialized products. These could include items such as handmade crafts, specialty food products, or unique home decor items. These products may be produced by small businesses or artisans who prefer to have a direct relationship with their customers and avoid the markup that comes with using a wholesaler. In some cases, these products may only be available through the retailer who has a direct relationship with the producer.
In conclusion, luxury goods and niche or specialized products are two examples of products that may be sold directly to retailers without using a wholesaler. While these products are quite different, they share the common feature of being produced by companies or individuals who prefer to have a direct relationship with their customers.

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Please answer all parts
clearly
Sunland Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 200 $5.00 Purchases: September 8 900 6.00 September 18 900 7.00 A physica

Answers

Based on Sunland Company's inventory records for September, we can determine the ending inventory value and the cost of goods sold using the LIFO (Last-In, First-Out) method. The cost of the last purchase is calculated by multiplying the units (900) by the unit cost ($7.00), resulting in $6,300.

The cost of goods available for sale is obtained by adding the cost of the beginning inventory, the cost of the purchases, and the cost of the last purchase, totaling $20,400.

Subtracting the cost of goods sold, which is calculated by multiplying the units sold (1,700) by the unit cost ($7.00), we find that the ending inventory value is $8,500.

Additionally, the cost of goods sold for September amounts to $11,900.

Therefore, Sunland Company's ending inventory is valued at $8,500, and the cost of goods sold for September is $11,900.

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Asking the prospect to make a decision on some aspect of the purchase is referred to as:________

Answers

Qualified prospects have not only the need or desire for your product, but they have the ability and authority to purchase it.

What is prospects ?

Prospect, outlook, expectation, and foretaste all refer to a foretaste of things to come. Prospect means the anticipation of a specific event, circumstance, or development of specific interest or concern. The idea of a calm weekend suggests foreseeing the future.

Simply simply, a sales prospect is someone who is interested in your product or service. A prospect, on the other hand, has not yet engaged with your organization or joined the sales process.

Marketing prospects are contacts who have the potential to become leads, or 'prospective' leads. An email list is an example. All contacts are prospective leads before any action is done. They will become legitimate leads once they have confirmed their interest.

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PLEASE HELP!!!!!!
TRUE/FALSE: Having product knowledge will make you more confident when assisting customers.
True
False

Answers

Answer:

true

Explanation:

True because this is what makes the customer's experience better with the staff

Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve never heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means

Answers

Answer:

The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area

Explanation:

The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.

Other Questions
The fact that the military draft continued after the Korean War was evidence that the federal governmentA) saw the armed forces as a necessary source of employment for young menB) was envisioning a peacetime military with responsibilities beyond warfareC) was preparing for potential future proxy wars with the soviet union and chinaD) wanted to reassure NATO allies in the aftermath of the Korean stalemate which of the following shows the procedure entry code generated by masm when the local directive is used to declare a doubleword variable?a. mov ebp,esppush ebpsub esp,4b. push ebpmov esp,ebpadd esp,4c. push ebpmov ebp,espsub esp,4d. push ebpmov esp,ebpadd esp,4 A 6-column table with 1 row. The first column labeled Number of Washers has entry 2. The second column labeled initial velocity v subscript 1 (meters per second) has entry 0. 13. The third column labeled final velocity v subscript 2 (meters per second) has entry 0. 36. The fourth column labeled Time to travel 0. 25 meters t subscript 1 (seconds) has entry 1. 92. The fifth column labeled time to travel 0. 5 meters t subscript 2 (seconds) has entry 2. 61. The sixth column labeled Acceleration a = StartFraction (v subscript 2 minus v subscript 1) over (t subscript 2 minus t subscript 1) EndFraction (meters per second squared) has entry empty. The acceleration of the car with the data in the table above would be m/s2. If the applied force were cut in half, what do you predict the acceleration would be? m/s2. Whose body was exhumed from Westminster Abbey, more than two years after his death, to be 'executed' for treason? 11. A logical address equivalent to * many physical addresses One physical address Many logical Addresses One data address None of them 4 Write the system (debug) command that: Move a block of bytes start at DS:300- 330 to the location DS:500-530 * M 300 330 500 Element x decays radioactively with a half life of 15 minutes. If there are 850 grams of element x, how long, to the nearest tenth of a minute, would it take the element to decay to 280 grams?. Use 3.14 for Pi. *Answer choices may be rounded.* 5 points 1. 15 cm 7.5 cm 176.6 706.5 1324.7 5298.8 Discuss the role of population growth in human health. How might recent outbreaks of diseases such as the bird flu or pandemic H1N1 be linked to population growth? In addition to population growth, what other environmental factors could lead to pandemics such as those associated with influenza viruses? 4. Summarize the contributions of the early Greeks to environmental health. How do Hippocrates' explanations of disease etiology compare with current beliefs about the role of the environment in human illness? 2. Which sentence is a complex sentence? * * A. Alwyn teased Jennica. B. Alwyn and Jennica had an argument C. Alwyn apologized to Jennica but she did not accept it. D. 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One seeing The Song of Love by de Chirco, surrealist Rene' Magritte commented that he saw the for the first time Capital Budgeting AnalysisCan an IRR and a discounted period be performed using the income statement? and or the balance sheetWACC RATE s 6.03%. property ,Plant and equipment 1,555,768 assets 869174 construction-in progress 286,658 Intangible assets 8,238,925 Interests in associates and joint ventures 86,090 Deferred income tax assets 8 2,462,103 Financial assets at fair value through profit or loss 1,027,518 Financial assets at fair value through other comprehensive income 79,809 Other non-current assets 396,897 . npv =6241400000*10% = 624140000using the lenovo computers financial records for my course project How does issues management differ from standard crisis management?A. Issues management is more forward-thinking.B. Standard crisis management plans from the outside-in.C. Issues management identifies all potential issues.D. Standard crisis management is a thing of the past.