Answer:
The correct answer is option b.
Explanation:
Inflation refers to the continuous and sustained growth in the general price level. As the price level rises, it reduces the purchasing power or value of cash balances held by the consumers to reduce. This causes real income to decline.
A certain level of inflation is desirable in an economy to promote growth but a high rate of inflation is harmful. Inflation can be of several types such as
- Demand-pull inflation
- Cost-push inflation
There are several measures used to calculate inflation, for instance, the consumer price index. To correct inflationary pressures, a government uses contractionary fiscal and monetary policy.
Answer:
b
e
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Unlike conventional mail, email can send your complaint
within minutes or seconds to the company.
This is the reason why use of email has become popular. The reaction to act on the complaint will
depend on the company. Sending an email
does not guarantee that they will act on it right away.
Answer: The correct answer is "D) specific".
Explanation: Effective teams translate their common purpose into <u>SPECIFIC</u> goals.
For a team to be successful, its common purpose must be established as specific objectives, that can be measurable and that are realistic, that is, its achievement is possible.
These specific objectives are of great help to simplify communication and keep teams focused on obtaining results.
