Answer: Option (c) is correct.
Explanation:
The short run Phillips curve represents the trade off between unemployment and inflation. This means that if there is an increase in the inflation rate then as a result unemployment rate decreases and if there is an increase in the unemployment rate then as a result inflation rate decreases. There is an inverse relationship between unemployment and inflation rate.
The long run Phillips curve is a vertical line which is at a point of natural rate of unemployment and short run Phillips curve is L-shaped.
Answer:
The correct answer is b) "The greater the degree of product variation, the greater is the excess capacity problem."
Explanation:
Excess capacity means that the demand for a stock is less than the quantity that the company probably could provide to the market.
- The greater the degree of product variation, the greater is the excess capacity problem.
- A lower scale of output than it has been designed for creates an excess of capacity.
Answer:
Environmental Protection Agency
Explanation:
Out of all of the choices, the Environmental Protection Agency is the only administration that focuses on the protection of the environment, which would include the reduction of pollution, through protecting the air, water, and land.
OSHA and the FDA work to protect consumers and people in the workforce.
The SEC works with small businesses and investors.
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