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Debora [2.8K]
3 years ago
10

The sticky-price theory helps explain what feature of the aggregate demand and aggregate supply model?

Business
1 answer:
zhuklara [117]3 years ago
7 0

Answer:

The stick price theory helps to explain the upward sloping shape of the aggregate supply curve.

Explanation:

The price tends to be sticky for a number of reasons.  

  1. Firms will need to incur menu costs if they constantly change prices
  2. Frequent change in prices may annoy the customers
  3. The wage rates remain the same even after change in price because the  wages are based on contracts

The short-run aggregate supply curve is upward sloping because of the stickiness of price, there is a positive and direct relationship between output and price. Due to the high expected price level in the short run, the firms will expect the input prices to rise along with an increase in the product price.  

To counter the increase in inputs price, the product price is kept high. The higher price provides motivation to produce more. That's why the short-run aggregate supply curve is upward sloping.

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In marketing and sales communications, it is illegal to use bait-and-switch advertising
garri49 [273]

Bait and switch procedures are regularly taken into consideration to be a form of fraud, and consequently illegal. Therefore, the given statement is true.

<h3>What is Bait and Switch operation?</h3>

A “bait and switch” takes area when a dealer creates an attractive however ingenuine provide to promote a product or service, which the vendor does now no longer surely intend to promote.

For example, If the store has deliberately run the advert while not having the object in stock, that is bait and switch.

Bait and switch scams can fall under some of the violations, from breach of settlement to fake advertising.

Therefore, Bait and switch procedures are regularly taken into consideration to be a form of fraud, and consequently illegal. The given statement is true.

learn more about Bait and switch procedures here:

brainly.com/question/981097

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3 0
2 years ago
The following questions will test you on what you have just learned about sentence-level writing including dangling modifiers, i
evablogger [386]

Answer:

<h2>Sentence-level Writing</h2>

a. Dangling Modifier:

 

1.

Dangling Modifier:  When beginning the meeting

Best Revision:  2. When we were beginning the meeting, the fire alarm went off

2.

Dangling Modifier :  taking the train into Boston

Best Revision: Taking the train into Boston, Katie reviewed the meeting minutes.

b. Identifying the dependent clauses:

1. Unless he responds to my request in the next 24 hours

3. When he opened the e-mail message

c. Identifying the independent clauses:

2. Meanwhile, the executive assistant printed the agenda.

d. Identifying the sentence with the correct parallel structure:

1. The systems analyst found that we needed to upgrade our equipment, revise our backup process, and implement better security measures.

e. Best option to complete the sentence:

If you _________, you will do well in this corporation.

1. write well, speak well, and use good interpersonal skills

Explanation:

a. A phrase or clause that is not directly related to the word or words it modifies is called a dangling modifier.  Usually, the word a dangling modifier modifies may be absent from the sentence.  An example is "when beginning the meeting."  The word it modifies may be "we" as in "When we were beginning the meeting, the fire alarm went off."

b. A clause which cannot make a complete sense or sentence is called a dependent clause.  It requires another clause to make a complete sense.  The clause that makes a complete a complete sentence and can stand alone without another clause is an independent clause.

c. A sentence that has grammatical structure which is balanced is said to have parallelism.  This can also be called parallel structure or construction.  This means that the items listed follow similar pattern that rhyme with one another.  Let us revise the sentence with the wrong parallel structure in this case so as to make it become a parallelism:  "The systems analyst found that we needed upgraded equipment, revised backup processes, and better implemented security measures."  By this revision, the wrong parallel sentence now has a well-structured parallelism.

5 0
3 years ago
The Reingold Hat Company uses the allowance method to account for bad debts. During 2018, the company recorded $800,000 in credi
olasank [31]

Answer:

$24,000

Explanation:

Since in the question it is given that the  3% of credit sales is considered to be a bad debt expense

where,

Credit sales is $800,000

And, the estimated percentage is 3%

So by considering this above information, the amount debited to bad debt expense is

= $800,000 × 3%

= $24,000

All the other information i.e to be given is not relevant. Hence, ignored it

4 0
3 years ago
Last year Bold and Best accounted for 56.5% of Baldwin's sales. Over the next few years, what should worry Baldwin's management
DaniilM [7]

Answer:

Explanation:

4 worries about Bold and Best (BB) are:

- Demand for BB may fall in the next few years, as customers are now less interested in purchasing BB or there is another substitute product for BB which is available in the market.

- Input costs/Production cost for BB may rise in the next few years, may be because of shortage of raw materials.

- The decline in BB sales may affect Baldwin's profitability as a whole because BB's revenue is currently the largest portion of the total revenue.

- Real purchasing power of customers fall because of a rise in expected inflation in the economy, which will lead to a fall in sales of BB.

6 0
3 years ago
What can you do when you reach a deadlock in a negotiation?
Ivan
A: become more aggressive
3 0
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