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1 year ago

Milton friedman argued that consumers are more likely to alter their behavior based on.

Business

1 answer:

Bess [88]1 year ago

4 0

The Right Response is Option C which is Long Term Changes in the Economy.

<h3>Why Did Friedman Argued So?</h3>

The concept of monetarism, which refers to the management of money in the economy, was developed by Milton Friedman. According to Friedman, changes in the money supply can have both long- and short-term consequences.

Friedman suggested that long-term changes in the economy had an impact on consumer behavior. Long-term economic developments have an impact on how consumers behave while making purchases. For instance, if long-term economic trends are favorable, consumer spending will rise; otherwise, it would fall.

Therefore, "long-term changes in the economy" is the right response.

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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on

a) changes in the unemployment rate.

b) short-term changes in the economy.

c) long-term changes in the economy.

d) changes in the inflation rate.

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Symbolic interactionists believe that the social value of the elderly in america ________ when the economy shifted being agricul

tekilochka [14]

Symbolic interactionists believe that the social value of the elderly in America decreased when the economy shifted being agricultural to industrial.
This may be completely true - industrial era means more use of technology, and usually, the elderly aren't that keen on using new technology. This also means that they are less and less relevant when it comes to the social life in America which is always growing and developing.

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3 years ago

Sandy earned a salary of $50,000 last year. Her parents gave her a car valued at $23,000 for her birthday. In addition, she earn

IgorLugansk [536]

Answer:

$51,200

Explanation:

Gross income computation includes all forms of income such as wages, rents, royalties, dividend etc. However, gifts and inheritances are not considered as a part of the gross income.

Therefore, Sandy's gross income consist of her salary, and the interest income

Sandy's Gross income = 50000 + 1200

= $51,200

The inheritance of her grandmother's estate and car gift are not included as a part of Sandy's gross income.

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3 years ago

you are appointed to head a special project team with a two-week deadline. you need to be efficient and timely. which leadership

romanna [79]

A person should use a directing leadership style throughout the first two weeks of project preparation.

Direct leadership focuses more on duties than it does on manager-employee relationships. There is limited space for autonomy when managers use this leadership style since they tell staff what to perform and expect them to complete the task.

The manager directs the team's objectives when practicing directional leadership. Senior management can, for instance, offer coaching, define roles, remove barriers, and offer appreciation as necessary.

It's crucial to have leadership in your organization if you want to boost productivity and reach your objectives. Effective leaders make their objectives clear, inspire and direct their followers toward the organization's mission.

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10 months ago

In a small town, a steel mill produces air pollution. if the government does not intervene, the equilibrium price of steel wil

JulijaS [17]

Answer: a. less than the socially optimal price, greater than the socially optimal quantity

Explanation:

The steel mill is producing steel and selling at a rate that does not account for the pollution that it is causing. Because of this, it is selling at a lower equilibrium price than what it would had the Pollution been accounted for.

The Steel Mill is also selling quantity that is greater than what would be considered socially optimal because the socially optimal level would account for the pollution and adjust in such a way that the Pollution is minimized

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2 years ago

Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr

klasskru [66]

Answer:

beginning WIP 800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

We first, solve for the start and completed:

Unit Stated 25,200

Ending WIP(incomplete) 2,000

start and complete 23,200

Now, we solve for the WIP:

Transferred units 24,000

start and complete (23,200)

beginning WIP 800

7 0

3 years ago