Answer:
The answer is cost-push inflation.
Explanation:
Cost-push inflation occurs when inflation increases proportionally to the raw materials (wages) costs. This can only occur when the demand for the products hasn't changed, and the high cost of wages is now passed to the consumers.
Common causes of cost-push inflation include natural disasters or a change in the government's laws.
Answer:
A production possibilities frontier graph.
Answer:
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
Explanation:
Three friends decide that they each want to be able to buy a new boat in five years. Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%. Keir invests $1,200 in a standard savers account with a simple interest rate of 4%. Omar invests $950 in a junior achievers account with a 6% annual compound interest rate. Who will have the most money to spend on a new boat at the end of the five years?
Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%.
Vanore:
I = p * r * t
= 1000 * 0.045 * 5
= $225
I = $225
After 5 years, Vanore will have $1000 + $225
= $1225
Keir invests $1,200 in a standard savers account with a simple interest rate of 4%
Keir:
I = p * r * t
= 1200 * 0.04 * 5
= 240
I = $240
After 5 years, Keir will have $1200 + $240
= $1,440
Omar invests $950 in a junior achievers account with a 6% annual compound interest rate.
Omar:
A = P (1 + r)^t
= 950(1 +0.06)^5
= 950(1.06)^5
= 950(1.3382)
= 1271.1
A = $1,271.1
After 5 years, Omar will have $1,271.1
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
Answer:
Industrial weapons contributed to staggering casualties and the western front was forced to use trench warfare. In order to prevent a two-front war, General Alfred von Schlieffen drew up a master plan calling for an all-out attack against France.
