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2 years ago

In economies with persistently high inflation, an increase in the money supply will:________

1 answer:

7 0

In economies with persistently high inflation, an increase in the money supply will: not affect the real quantity of money, making money neutral in the long run.

The term "high inflation" refers to a rise in prices, which over time results in a loss of purchasing power. The average price increase of a basket of chosen goods and services over time can be used to determine the rate at which buying power is decreasing. A unit of money now effectively has less purchasing power than it had in earlier periods due to the increase in prices, which is frequently stated as a percentage. Deflation, on the other hand, is characterized by a drop in prices and a rise in purchasing power.

The rate of increase in prices for goods and services is referred to as high inflation.
Demand-pull high inflation, cost-push inflation, and built-in inflation are three categories that are sometimes used to describe it.

Learn more about high inflation here

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A) (I) is true, (II) false.

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3 years ago

Of the six images of managing change, the _____ and _____ images have their foundations in the field of organization theory.

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Answer:

C. caretaker, nurturer

Explanation:

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The caretaker image of managing change, evaluates change and deals with issues within change. The caretaker image of managing change believes that managers are to receive change instead of initiating change.

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4 years ago

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3 years ago

We can show that a profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the margi

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Answer:

No, these two rules are not inconsistent.

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A profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the marginal product of labor.

But, a profit-maximizing firm will also produce the quantity of output at the level where price equals marginal cost.

But this does not mean that these two rules contradict or are not consistent. Hiring workers at the level where their wage is equal to the marginal product of labor helps the firm in reaching the point where the price of the product is equal to the marginal cost of production.

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