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1 year ago

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:

fomenos1 year 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:

The cost increase is independent of the level of demand in the relevant market.
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
Instead of being absorbed by producers, the cost rise is transferred to consumers in the form of increased prices.

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The income statement shows amounts for: A. revenues, expenses, gains, and fair value per share. B. revenues, assets, gains, and

zvonat [6]

Answer:

C. revenues, gains, expenses and losses.

Explanation:

Income statement only reports the Income, Expenses, Gain or losses for the period. Assets, Equities and Liabilities are reported in balance sheet. Income statement only deals with temporary accounts and permanent accounts are dealt in balance sheet, So Revenue, Expenses, gains and losses are temporary account whereas the assets, Equity and liabilities are permanent accounts..

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3 years ago

A firm has 25 senior and 26 junior partners. A committee of three partners is selected at random to represent the firm at a conf

Sergio [31]

Answer:

There are 18,525 ways to choose at least one of the junior partners to be on the committee.

Explanation:

If all partners can be chosen in any way the choices would be combinations of any 3 partners from all 51 partners. The number of ways to arrange it would be:

A = ${51 \choose 3} = \frac{51!}{3!(51-3)!} = 20,825$

The opposite of choosing at least one junior partner is to choose no junior partner. Those choices would be combinations of any 3 partners from 25 senior partners. The number of ways to arrange it would be

B = ${25 \choose 3} = \frac{25!}{3!(25-3)!} = 2,300$

So the number of ways to choose at least one of the junior partners to be on the committee would be: A - B = 20,825 - 2,300 = 18,525

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3 years ago

A liquidated damage provision will be enforced when: a technical breach of contract has occurred without causing any actual loss

ziro4ka [17]

Answer:

the amount specified is reasonable and actual damages are difficult to determine.

Explanation:

Liquidated damages provision is a contract that is drawn up between parties in a transaction. It defines the damages that will be paid by a party for non performance in a contractual agreement.

The liquidated damages provision is enforceable when a contract is breached and it is difficult to determine the amount of actual damage done. The next option will be to use the stated amount in the contract so far it is reasonable.

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3 years ago

How does where you can purchase the candy affect the price? How does it affect the availability?

Aleks04 [339]

It effects the availability because some stores don’t have that exact candy (I don’t know this was off the top of my head)

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2 years ago

Describe how each of the following would affect the U.S. production possibilities frontier: (a) an increase in the number of ill

Zepler [3.9K]

Answer:

A. The production possibilities frontier would shift outward. As a result of the increase in the number of illegal immigrants entering the country, there would be more labour available. As a result, production would increase shifting the PPC outward.

B. The production possibilities frontier would shift inward. A war would lead to the diversion of resources to the war. Also, production facilities might be destroyed as a result of the war. This would lead to an inward shift of the PPC

C. The production possibilities frontier would shift outward. The discovery would increase the resources that can be used in production. This would lead to an outward shift of the PPC

D. The production possibilities frontier would not change. This is because production was below the PPC as a result of unemployment. The decrease in unemployment will increase production back to a level on the PPC

E. production would take place at a point inside the production possibility frontier. This law would lead to an under-utilization of resources. This would lead to production taking place at a point inside the PPC

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised

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2 years ago