A vertical as curve means the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, no matter the level of aggregate demand.
In general, economic process is a condition in which income increases from the emergence of an increase in the production of goods and services. However, this increase in income has not been compared to the expansion in population. this will be seen from the results of improvements in various fields, like technology.
In its development so far, there are various theories of economic growth. This theory itself appears plenty to explain the growth cycle as well as the factors that directly influence an increase in the national economy by experts. Among the various theories that have emerged, here are a number of them:
- Neoclassical Theory
- Classical Theory
- Historical Theory
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Answer:
3.6%
Explanation:
The formula to compute the unemployment rate is shown below:
Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100
where,
Number of unemployed workers = 3 million
And, The labor force = 80 million + 3 million = 83 million
Now the unemployment rate is
= (3 million) ÷ (83 million)
= 3.6%
Answer:
$2 per gram.
Explanation:
We are given the following parameters in the question above; the production of output in July: Actual number of units of output produced = 7,800 units, the Materials quantity variance = $2,609, the favorable (F) Materials spending variance = $3,744, the Favorable (F) Standard amount of materials used per unit of output = 5.0 grams per unit , the Actual total materials purchased/used = 37,830 grams and the Actual price per gram purchased/used = $2.20 per gram.
(37,830 × standard price) - (37,830 × 2.2 ) =$3,744.
Thus, (37,830 × standard price) = 79482.
Approximately, standard price = $2 per gram
These visible cues are an attempt to deal with the problem of trust common to service organizations. Hence, the purpose of these cues is to generate much trust from the customers.
<h3>Common Customer Service Problems </h3>
The following are the common customer service problems encountered by the customers:
- Long time in response
- Impatience on the part of the Customer representative to Listen to the Needs of the customer
- Customer Transfer from one department to another
- Rudeness on the part of Customer Service agent towards the Clients
- Inability to offer a solution to the Customer
- Inability of the Customer Service agent to fulfil Promises.
Therefore, these cues are in place to earn trust from the customers.
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