Answer:
Explanation:
Considering the graph in the attached image, at point A, the economy was in the equilibrium, after an increase in the inflation target, the Ad curve will shift to the AD2. At this point the price is P* and the output is Y'. The new equilibrium is At B.
In the scenario given in the question, the worker will demand a higher wage as the real wages decline.
An increase in the wage will act as a negative supply shock and the demand curve will shift to the left i.e. SRAS2. The output will decrease and the price will increase. The new output will be at Y and equilibrium at C.
Therefore, increasing the inflation target will only increase the demand in the short run, and only increase the price in the market in the long run.
Answer:
Oral/aural transmission. To begin with, pieces of music could only be passed orally from one person to the next. ...
Manuscripts. ...
Printing and publishing. ...
Recording.
Answer:
The correct answer is: 70%.
Explanation:
According to the information in the case:
- Price elasticity of supply: 0.3
- Price elasticity of demand: 0.7
The percentage of the tax burden on the supplier is calculated in the following way:
Therefore, <em>the tax burden on the supplier is 70%.</em>
Answer:
Inquiry Letter
Sometimes a business can send this to a supplier to find out if they have a certain good in stock.
Purchase Requisition
This is a document used by a department in a company to request that those in charge of procurement acquire some goods for them.
Quotation
This is a document sent by a supplier to the prospective buyer informing them of the goods they have and their selling price.
Purchase Order
This is the document that shows a formal request for goods from a supplier.
Delivery Note
This is used to confirm that the buyer has received the goods they ordered. The buyer will typically sign this document to confirm receipt.
Invoice
A supplier prepares and sends this to the buyer to show them the goods they ordered and the prices so that the buyer knows how much they owe.