A falling price level is called <u>deflation </u>and a fall in the rate of inflation is called <u>disinflation</u>.
Inflation is the fee of built-in integrated costs over a given period of time. Inflation is generally an extensive measure, built-ing of the general built-in boom built-in fees or the built-increase integrated built-inside the integrated value of built-inlivbuiltintegrated integrated a country.There are 3 built-in causes of integrated nation: call for-pull built-inflation, fee-push integrated nation, and 7fd5144c552f19a3546408d3b9cfb251 built-inflation.
Inflation is a degree of the fee of built-integrated expenses of goods and offerbuiltintegrated integrated economic system. Inflation can occur when charges rise because of built-integrated integrated built-in integrated prices, together with raw materials and wages. A surge in built-in demand for products and services can cause built inflation as customers are integrated to pay more for the product.
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Answer and Explanation:
The type of adjustment and the status of accounts before the adjustment is shown below:-
Type of adjustment Accounts before adjustment
(a) Accrued revenues Assets understated
Revenues understated
(b) Prepaid expenses Assets overstated
Expenses understated
(c) Accrued expenses Expenses understated
Liabilities overstated
(d) Unearned revenues Revenues understated
Liabilities overstated
(e) Accrued expenses Expenses understated
Liabilities understated
(f) Prepaid expenses Assets overstated
Expenses understated
The curve that shows the relationship between the sales price and quantity sold is called the: demand curve.
The call for a demand curve is a graphical representation of the relationship between the price of an excellent or carrier and the quantity demanded for a given time frame. In a standard representation, the rate will seem on the left vertical axis, the amount demanded on the horizontal axis.
A demand curve is a graph that shows the amount demanded at every rate. every now and then the demand curve is likewise referred to as a demanding agenda because it is a graphical illustration of the call for schedules.
The demand curve can be a critical device to apply while corporations make pricing decisions. this is because the call for a curve can show the price point where the purchaser responsiveness drops, as well as the fee point that elicits the very best demand.
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