Answer:
B) in the short run, an unexpected change in the price of an important resource can change the cost to firms.
Explanation:
The short run aggregate supply (SRAS) curve is upward sloping because as the price of goods and services increases, the quantity supplied will increase. In the short run, wages are more sticky than prices, and businesses can adjust prices more rapidly than employees can get a raise. This will result in businesses increasing their profit margins as the general level of prices increases, therefore the SRAS curve will be upward sloping.
An unexpected change in the price of a key input will shift the entire SRAS curve either to the right (price of key input decreases) or to the left (price of key input increases).
Depends on which airline you take
lowest cost 118 highest around 260
Speak to their corporate consumer department.
The last one. hope it helps!
Inflation also influences the ratio of Chinese household debt to gross domestic product (GDP), which jumped to 61.6 per cent last year from 17.9 percent in 2008, a situation made worse by the pandemic.
Business competitiveness:If one country has a much higher rate of inflation than others for a considerable period of time, this will make its exports less price competitive in world markets.
Inflation is a financial risk that investors take on when they invest internationally. While efforts can be made to increase liquidity during times of crisis, inflation can strongly influence bond prices and equities to a lesser degree.
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