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Phantasy [73]
2 years ago
15

True or False? Inflation is when prices rise at a high rate.

Social Studies
1 answer:
hoa [83]2 years ago
7 0

Answer: true

Explanation: One factor that seems to cause baby boomers to hark back to the Carter administration is high gasoline prices. When people think of Carter-era inflation, they often connect it to those high prices and the high world price of oil starting in 1973 and increasing, with fits and starts, through the 1970s. But one increased price does not inflation make. We can’t tell anything about inflation by looking at specific prices.

It is true that when a country such as the United States is a net importer of oil, an increase in the price of oil will, all else equal, cause our real GDP to be lower than otherwise. Go back to the equation of exchange discussed earlier. With slightly lower real GDP than otherwise, the price level, and therefore inflation, is higher than otherwise. But today the United States is only a small net importer of oil and as recently as late 2019 was a slight net exporter. So an increase in the price oil simply helps domestic producers to about the same extent that it hurts domestic consumers. The net effect on real US GDP is close to zero.

There’s one caveat to the above. Any government policy that causes waste makes real GDP lower than otherwise and, therefore, causes the price level to be somewhat higher than otherwise. The wasteful policy that is one of the factors in the recent increase in gasoline prices is the federal government’s policy on ethanol, which began during the George W. Bush administration. Although I can’t go into a detailed explanation here, the federal government’s requirement that refiners use ethanol in gasoline adds 30 cents to the price per gallon. Not all of that 30 cents was added recently. But the recently increased price of waivers that allow refiners to avoid using car-destroying ethanol has accounted for some of the recent increase in gasoline prices.

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What negative effect did the lockdown have on the South African<br>economic growth?​
quester [9]

Answer:

Major Negative effects are:-

Explanation:

•Economic problems in each and every household.

•loss of lives.

•food crisis.

•Poverty.

•long term closed school and college resulting in poor education.

7 0
3 years ago
When a government treats property tax as a residual source of revenue, the amount to be raised for property taxes is determined
Eduardwww [97]

When a government treats property tax as a residual source of revenue, the amount to be raised for property taxes is determined budgeted revenues from all other sources are budgeted.

<h3>Calculating Real Estate Tax</h3>

Different property kinds are taxed differently on the land and the buildings on it. For instance, vacant land will have a far lower assessed value than an equivalent piece of renovated property, therefore it will pay less in property taxes. The land assessment could be greater if there is access to public utilities like gas, water, and sewer. A higher assessment and additional taxes for the owner may result if the assessor believes that the land has the potential to be developed. A percentage of the property's assessed value determines how much a property is taxed.

To know more about 'Property Tax', visit: brainly.com/question/13887483

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3 0
2 years ago
Which school of thought in China suggested that people should focus on the larger scheme of things, not daily concerns?
Eddi Din [679]

<u>Daoism </u>in China suggested that people should focus on the larger scheme of things, not daily concerns.

<u>Explanation</u>:

Daoism is a tradition or religious belief followed in China. This Chinese school of thought always highlights living in harmony. Daoists are people who believe Daoism.

Daoists believe that the minds of people will be free only if they avoid focusing on daily concerns. This will make people to accept greater understanding of the natural order. Daoists insists on focusing the larger scheme of things.

Daoists often uses the metaphor running water to explain how it benefits all creatures without competing.

3 0
3 years ago
Bruce wants to be a loving husband but at the same time wants to express his disgust for some of his wife's habits. According to
valina [46]

Answer:

True

Explanation:

Bruce wants to be a loving husband but at the same time wants to express his disgust for some of his wife's habits. According to Freud, Bruce's ego might enable him to partially satisfy both desires. This is true because while he's trying to act as a loving husband he also wants to show to his wife that he detests some of her habits hence a partial satisfaction of both desires.

4 0
3 years ago
Your school counselor has asked you to volunteer to help two students who are having trouble in a language arts course. One of t
Alla [95]

Answer:

Distributive equity means to have the "advantages and weights" of society to be appropriated fairly between everybody, notwithstanding their age, sexual orientation, social class, geographic area, race, or nationality. For this situation, we could add inabilities as a component to likewise consider while conveying training. In this manner, we ought to have a specific sort of help for the individuals who battle turning in schoolwork, and the individuals who need to manage an incapacity and might require an alternate sort of help.

Explanation: 100% on edge, no clue what the person above is talking about.

9 0
3 years ago
Read 2 more answers
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