Answer: Option (c) is correct.
Explanation:
The short run Phillips curve represents the trade off between unemployment and inflation. This means that if there is an increase in the inflation rate then as a result unemployment rate decreases and if there is an increase in the unemployment rate then as a result inflation rate decreases. There is an inverse relationship between unemployment and inflation rate.
The long run Phillips curve is a vertical line which is at a point of natural rate of unemployment and short run Phillips curve is L-shaped.
Answer: (2) Conformity
Explanation:
The conformity is one of the principle value and it basically refers to the behavior, attitude and the beliefs for the social and the political group.
The term conformity is basically used to describe the person behavior and also beliefs so that the person are able to fit in the specific groups.
It is the process of matching the norms that are implicit and shared by the individual groups for the interaction and this principle value are adversely affected.
Therefore, Option (2) is correct.
Answer:
The correct answer is option c) payments are made by check. Control of cash disbursement is generally more effective when payments are made by check..
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Answer:
Government spending
Explanation:
Expanded government spending is probably going to cause an ascent in aggregate demand (AD). This can prompt higher development momentarily. It can likewise increase the overall GDP. Higher government spending will likewise affect the supply side of the economy. Likewise, increase in government spending centres to apply fiscal policy is a way which could improve the economic situation of the country, it can also improve efficiency and a development over the long-run.
