Not necessarily. Although the total amount of debt has predicted inflation and the business cycle better than M1 or M2, it may not be a better predictor in the future.
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What is inflation?</u></h3>
- Price increases, or inflation, can be thought of as the gradual loss of purchasing power.
- The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
- A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage.
- Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
- The objective of measuring inflation is to determine the overall effect of changes in price for a variety of goods and services.
Without some theoretical reason for believing that the total amount of debt will continue to predict well in the future, we may not want to define money as the total amount of debt.
Know more about inflation with the help of the given link:
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Answer:
$8
Explanation:
Fixed cost is the cost that does not vary with output. It is the cost incurred even if output it zero - if no unit of output is produced.
fixed cost = average fixed cost x output
The fixed cost is $24. this is the cost incurred when output is zero
Average fixed cost = $24/3 = $8
Answer: Societal Marketing
Explanation:
Based on the information given in the question, we can deduce that BB Beverages embraces a societal marketing orientation.
Societal marketing orientation occurs when the marketing decisions that are made by companies benefutbthe society as a whole and that the satisfaction of their wants isn't at the detriment of the society.
This is shown when the activities of the company can being about a water shortage in areas surrounding the plant which led to the company stopping production.
