1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jek_recluse [69]
3 years ago
14

​If the price level increases by 2 percent each year, the inflation rate is increasing. a. True b. False

Business
1 answer:
Bad White [126]3 years ago
5 0

Answer: False

Explanation:

Inflation refers to the general rise in prices of goods and services in an economy. It erodes the value of currency because with inflation, one is able to buy less goods.

If the inflation rate increases by 2% each year then the inflation rate is not increasing. The inflation rate is remaining constant at 2%. The inflation rate would be increasing if the prices increased by 2% then by 4% then by 6%. That way the inflation rate would be increasing by 2% every year.

If the rate at which prices are increasing is constant then, the inflation rate is the same.

You might be interested in
If many firms enter the computer software industry and consequently bid up the price of programmers, then:
Lena [83]

Answer:

the correct option is C) If many firms enter the computer software industry and consequently bid up the price of programmers, then: the long-run industry supply curve will slope downward.

Explanation:

When many firm enter an industry, there is competition and the presence of multiple players will eventually cause the cost of production to decline.

In the short run,  if many firms enter the computer software industry and consequently bid up the price of programmers, then the increase in participation will increase the number of software developed.

In the long run, industry supply curve will slop downwards indicating a price reduction.

4 0
4 years ago
In a discussion of economics, which of the following would exert the most influence on an individual firm's decision to hire wor
9966 [12]

Answer:

(B) the macroeconomy

Explanation:

The condition of the macroeconomy would exert the most influence of a firm's decision to hire more workers. As economic growth increases and demand grows, the firm is likely to hire more workers to meet increasing demand for its goods. On the other hand, in an economic recession, the firm is likely to hire less and even lay off its existing workers as demand for its goods reduces.

Option A is incorrect as a firm would not hire more workers even at low wage levels if the economy is in a recession. Option C is incorrect as the level of a firm's income would likely not be considered in its hiring decision if demand for its goods was very high. Option D is incorrect as the household income would likely not be considered by the firm in its hiring decision.

8 0
4 years ago
Sean is looking for a new job that will allow him the flexibility to work from home at least one day a week so he can care for h
liq [111]

<u>Answer</u>:

Boundaryless career pattern is similar as temporary workers.

<u>Explanation</u>:

“Boundaryless career” has been a new perspective in any organisation these days. This type of career pattern provides the employees flexibility in terms of working hours. They pay them high wages for their excellent skill set.  

A person works with several organisations at a single point of time and quickly develops his career. Knowledge of such people is quite high, and companies gain from their expertise. As given in the question, Sean is provided flexibility by allowing him to work from home so that he can take care of his parents. So, this is a boundaryless career pattern.

5 0
3 years ago
Example of demand in economics.
sweet [91]
Examples<span> of the Supply and </span>Demand<span> Concept. Supply refers to the amount of goods that are available. </span>Demand<span> refers to how many people want those goods. When supply of a product goes up, the price of a product goes down and </span>demand<span> for the product can rise because it costs loss.</span>
5 0
3 years ago
George is offered an investment opportunity by his friend Ray. He asks George for $6,900 and offers to repay him $12,990 after a
SVETLANKA909090 [29]

Answer:

Depositing in bank is a better option.

Explanation:

For this solution, we can either determine the interest rate given to George by his one of the friend or the future worth method,

Future worth method is used here,

Given that,

PV = $6,900

R = 9%

N = 10 Years

FV = PV\times(1+R)^{N}

FV = 6,900\times(1+0.09)^{10}

FV = 6,900\times(1.09)^{10}

FV = 6,900 × 2.3673

FV = $16,334.81

Since, the future worth of investing in bank is more than the money to be offered by the George's friend (16,334.81 > 12,900) and hence, depositing in bank is a better option.

8 0
3 years ago
Other questions:
  • Ground-fault circuit interrupters must be used for all of the following except?
    11·1 answer
  • Someone may choose to own a car instead of leasing because
    10·2 answers
  • Barbara wants to reconcile her bank statement. She needs to calculate beforehand and look for when she gets her statement.
    7·1 answer
  • An asset was purchased for $126,000 on January 1, Year 1, and originally estimated to have a useful life of 8 years with a resid
    5·1 answer
  • If fixed costs are $450,000, the unit selling price is $75, and the unit variable costs are $50, the old and new break-even sale
    7·1 answer
  • Net credit sales for the year are $750,000. The end of year accounts receivable balance is $160,000. The allowance for doubtful
    13·1 answer
  • The variance that measures the amount of variable overhead that should have been saved (or incurred) because of the efficient (o
    15·1 answer
  • What kind of employees can fill the three levels of management​
    9·1 answer
  • The treasurer of Systems Company has accumulated the following budget information for the first two months of the coming year:Ma
    12·1 answer
  • a stock is priced at $45 per share. the stock has earnings per share of $3 and a market capitalization rate of 14%. what is the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!