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drek231 [11]
3 years ago
7

Suppose that the central bank in this economy is concerned that inflation is too high and wants to lower the inflation rate by 6

percentage points per year. A reduction in the rate of inflation is known as d sinflation . To reduce inflation from 8% to 2% in the short run, the central bank would have to accept an unemployment rate of ____________ .
a. True
b. False:
Business
1 answer:
leva [86]3 years ago
8 0

Answer:

a) True

Explanation:

We can not determine the exact percentage by which a 6% reduction in inflation will cause a hike in unemployment but this conclusion is true. As per the Philips Curve, inflation and unemployment are in an inverse relationship

This is to say an increase in one will cause a decrease in the other and vice versa. This relationship however is not linear and so the degree of changes one variable causes in another will depend on the economy and statistics of the economy.

Hope that helps.

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krok68 [10]

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8 0
3 years ago
there is a growing emphasis on strategic supply management processes and less on purchase transactions.
PSYCHO15rus [73]

This statement is true. As there is the growing emphasis on the strategic supply management processes and less on the purchase transactions.

Effective interpretation of corporate and supplier objectives, selection of appropriate actions to achieve objectives and integration of inventory information into organizational strategies. hiring professionals trained specifically in supply management, providing them with technical knowledge and long-term leadership development. emphasizing strategic cost management, engaging key suppliers early in the process, and measuring reductions in total cost of ownership. Supply management has evolved from a process-oriented, strategic function to a transactional, tactical function. The reduction in inventory investment comes primarily from users reducing their demand for stocked items. Therefore the statement is true.

Learn more about supply management.

brainly.com/question/25843620

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8 0
1 year ago
In its first year of operations, Grace Company reports the following:
ANEK [815]

Answer:

D) $25,000.

Explanation:

The Accrual Basis of Accounting is the process in which income earned or expenses incurred are recorded at the time the transaction takes place, whether or not the cash has been exchanged.

Net Income is derived by subtracting Expenses from Revenue.

N.B. Prepaid Expenses are Advance Payments towards expenses and are a Balance Sheet Items and will not be recorded under Net Income Calculations until the Expenses are realized.

So, The Net Income can be calculated as follows;

Revenue $60,000

Less: Expenses $35,000

Net Income $25,000

Hence Option D will be correct answer.

#NETINCOME

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5 0
3 years ago
Describe the relationship between farmers and co-operative​
Alecsey [184]

Answer:

An agricultural cooperative, also known as a farmers' co-op, is a cooperative where farmers pool their resources in certain areas of activity. ... Supply cooperatives supply their members with inputs for agricultural production, including seeds, fertilizers, fuel, and machinery services.

Explanation:

5 0
2 years ago
Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2016, and charged the $4,320 premium t
Sati [7]

Answer:

Prepaid insurance.......Dr 3,420

To Insurance expense 3,420

(being only 5 months of expenditure to be charged current year and rest to be show as prepaid expenditure)

Explanation:

6 0
3 years ago
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