Answer:
None of the other answers is correct.
Explanation:
Williams A. Phillips was a notable economist born in New Zealand. Phillips wrote a famous article titled "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957" published in 1958 by Economica. In the article, he used data for the United Kingdom (U.K) to illustrate on a graph, a negative or inverse relationship between the rate of change of employee wages in the U.K and the unemployment rate in the United Kingdom (U.K).
Consequently, using the Phillips curve it is practically impossible for policymakers to reduce both the inflation rate and the unemployment rate because as the inflation rate decreases; the unemployment rate increases and vice-versa.
However, according to the Phillips curve, policymakers can reduce inflation and increase unemployment if aggregate demand is contracted.
<span>The solution to the problem is as follows:
$1382*24 (4 payments per year * 6 years)=$33,168+$396=$33,564 (Total)
$33,564-$24,680=$8,884
Therefore the total finance charge is c.$8,884.
I hope my answer has come to your help. God bless and have a nice day ahead!
</span>
Answer:
shifts the supply of loanable funds and reduces interest rates.
Explanation:
The supply and demand curves of money (loanable funds) work in the same way as every other good or service. When the supply of a good or service increases, the supply curve shifts to the right, increasing total quantity supplied and decreasing equilibrium price. When we are talking about loans, the equilibrium price is the interest rate.
You should contact a adult but the more mature thing is to talk to them and see if you can help if the person doesn't want to talk about it you can call the cops.
(I know it's ridicules but suicide is a crime)<span />
