Answer:
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Explanation:
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The short- run Phillips curve shows the relationship between inflation and the unemployment rate f<span>or a given level of anticipated inflation and natural unemployment rate</span><span>
The short-run Phillips curve shows that, other things remaining the same, </span>real GDP increases above potential GDP.
Answer:
a) Fixed or variable and (b) as either direct or indirect.
Explanation:
1. Lace to hold leather together: indirect cost/ variable
2. Wages of assembly workers : direct cost/ variable
3. Coolants for machinery : indirect cost/ fixed
4. Annual flat fee paid for factory security : indirect cost/ fixed
5. Leather covers for soccer balls: direct cost/ variable
6. Machinery depreciation (straight-line): indirect cost/ fixed
7. Taxes on factory: indirect cost/ fixed
Answer:
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