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1 year ago

A situation in which both unemployment and inflation rates are high is known as ______.

1 answer:

7 0

Stagflation is a condition in which both the unemployment rate and the inflation rate are high. Stagflation is characterised by slower economic development, low employment rates, and increased inflation rates. Stagflation is the occurrence of low economic growth, high unemployment.

In terms of economics, stagflation, sometimes known as recession-inflation, is a state in which unemployment is consistently high, the economy is growing slowly, and the inflation rate is high or rising. When inflation and economic stagnation coexist, this is known as stagflation. The economy is in a state of stagnation due to rising unemployment.

The term "stagflation" was first used in the 1970s, a period of both high inflation and rising unemployment. Stagflation wasn't commonly acknowledged until the middle of the 20th century.

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Nancy Fur Supply has been selling fur coats to Patricia's Fur Shop pursuant to an existing contract. The price of fur pelts goes

anygoal [31]

Answer:

In that case, Patricia:

is still liable to pay the additional 10%.

Explanation:

The 10% price increase was preceded by an agreement between the two parties. Patricia is bound to honor her agreements with her business partner to sustain the business relationship. Refusing to pay a debt just by a change of mind does not repudiate the contract. Nancy can enforce the agreement in the court for specific performance of the contract because this additional agreement simply modifies the earlier contract and remains enforceable.

3 0

3 years ago

Global competition exists when Group of answer choices a firm produces and markets its products domestically rather than globall

Rudik [331]

Answer:

firms originate, produce, and market their products and services worldwide.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Some examples of international economic organizations involved in global economy and trade are;

World Trade Organization (WTO).

United Nations (UN).

International Monetary Fund (IMF).

Global competition exists when firms originate, produce, and market their products and services worldwide.

4 0

3 years ago

in a perfectly competitive industry the market price is $25. a firm is currently producing 10,000 units of output; average total

Anton [14]

The firm should produce more output to maximize its profit. In a perfectly competitive industry, firms will have marginal revenue equal to price. Therefore, the marginal revenue is $25.

In macroeconomics, an industry is a branch of an economic system that produces a closely-related set of raw materials, items, or offerings. For instance, one would possibly refer to the wooden enterprise or to the insurance industry. While comparing a single institution or agency, its dominant supply of revenue is generally used by industry classifications to categorize it within a particular enterprise. As an example, the global widespread industrial classification (ISIC) – used at once or thru derived classifications for the professional data of most countries internationally – classifies "statistical devices" via the "monetary activity wherein they especially have interaction". Enterprise is then defined as a "set of statistical gadgets which can be classified into the identical ISIC category". however, a single business need not belong just to one enterprise, which includes when a big business (regularly known as a conglomerate) diversifies throughout separate industries.

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In a perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28,its marginal cost is $20, and its average variable cost is $20. Determine whether the following statements are true or false:

4 0

2 years ago

suppose the current equilibrium wage rate for housekeepers isâ€‹ $8.60 per hour. an increase in the minimum wage toâ€‹ $7.50 per

rodikova [14]

Choices that is part of this question:

A. a shortage of housekeepers

B. no change in the market for housekeepers

C. a surplus of housekeepers

D. an increase in the qty. of housekeepers supplied

E. unemployment of housekeepers

Equilibrium wage rate is the wage rate wherein the demand meets the supply. However, it does not automatically imply that it is the actual rate given to the housekeeper.

For me, an increase in the minimum wage rate will lead to a <span>D. an increase in the qty. of housekeepers supplied</span>

8 0

3 years ago

Q 11.34: In 2020, First Inc. issued 12,000 shares of 8%, $60 par-value preferred stock with a cumulative-dividend feature. In 20

Rudiy27

Answer:

amount will be available for its common stockholders is $82,200

Explanation:

Dividend paid in 2020 is $30,000

Dividend for preferred stock holder in 2020 is = 12,000 × 60 × 8% = $57,600

Dividend accumulated for the next year is = 57600 - 30000 = $27,600

Dividend paid in 2021 is $45,000

from 57600, company paid 27600 and tjis year dividend as $17400

so total $45000 is paid

Balance unpaid dividend is accumulated = $57,600 - $17,400 = $40,200

in 2022, Total dividend is $180,000

Dividend payable to preferred stock holder in 2020 = $57,600

so total amount allotted to preferred stock holder is = 57600+40200 = $97800

we know total dividend paid in 2022 is $180,000

so dividend payable to common stockholders is =180000- 97800 = $82,200

6 0

3 years ago