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mojhsa [17]
2 years ago
12

In the short-run which form of inflation is caused by a decrease in the supply curve or an increase in wages?

Business
1 answer:
fomenos2 years ago
7 0

Cost push inflation occurs when there is a decrease in the supply curve or an increase in wages.

Wage-Push Inflation, Profit-Push Inflation, and Material-Cost-Push Inflation are three of the main components of the cost-push inflation theory.

These theories often consist of three components:

  1. The cost increase is independent of the level of demand in the relevant market.
  2. That an essential cost element, like as wages, profits (mark-up), or material costs, is how the push forces work. In light of this, cost-push inflation can take the forms of wage-push inflation, profit-push inflation, material-cost-push inflation, or a mixed variation of inflation in which multiple push causes reinforce one another; and
  3. Instead of being absorbed by producers, the cost rise is transferred to consumers in the form of increased prices.

Learn more about inflation here:

brainly.com/question/18072639

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Which statement is prepared for only one date?
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Answer:

income statemant.......

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At the beginning of 2023, the Mackinac Company purchased a machine for $510,000 (salvage value of $60,000) that had a useful lif
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Answer:

$10,000 credited

Explanation:

DATA

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Retained earnings will be credited by $10,000 As the depreciation expense was overstated mistakenly by $10,000

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3 years ago
The process of dividing the potential market into sub-markets with common needs and features is called:________
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The correct answer is A. Market Segmentation.

Explanation:

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Productivity may best be defined as
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Learn more about commitment here: brainly.com/question/472211

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