Answer:
1: The correction option is B) Negative
Explanation
In economic theory, the Philips curve depicts the relationship between unemployment and inflation as a negative one. In order words, when inflation goes up, unemployment reduces.
The logic behind that thinking is, that inflation, which is the general increase in prices of goods/commodities and services is good for business. Business owners are quick to adjust to higher prices regardless of how it is induced and sometimes even profit from it in sectors not affected by inflation. So in such sectors, as business improves, it is assumed that there is a requirement to being in more hands to help with the expansion of the business.
2. The correct option is B) Holds for certain time periods
Explanation
Social scientists and researchers have plotted the data across various periods (20 years) using data from the US economy.
The following results emerged:
- the traditional relationship between inflation and unemployment held in 2001 during the mild recession triggered by the 9/11 situation. Unemployment took an upward spiral averaging an increase of 6% while inflation nosedived by 2.5%;
- Another snapshot was taken in the mid-2000s. This time unemployment went belly-up by several degrees, while inflation took off in the opposite direction by almost 5% before receding in 2006 when unemployment bottomed;
- In another analysis, the consumer price index took a steep downward dive during the Great Recession. This time, unemployment took a bullish charge, going up as much as 10%
- This negative relationship failed to hold between 2012 to 2015. Both factors developed a positive relationship and moved in the same direction;
- There has also been a loss of strength in the negative relationship as also seen in recent times. Specifically, between 2016 to 2019 where unemployment has steadily receded to 50-year lows, with inflation remained steady at an average of 2%.
So the correct answer is B.
3. The correct answer is True:
Explanation
As seen from the analysis above, the negative relationship remains largely true for most of the periods examined. Hence it is more pragmatic to expect a dip in unemployment whenever there is a spike in the CPI.
Cheers
Answer:
X=20
Y=70
Step-by-step explanation:
All angles within a triangle add up to 180
180 - 40 = 140
140 is the top angle of the big triangle
140 + x + x = 180
x = 20
Now use x to find y by subtracting from the right angle (90 degrees)
90 - 20 = 70
70 + 40 + y = 180
Y = 70
Answer:
B. How many total customers were at the story today?
Step-by-step explanation:
Option 'B' is not a statistical question because there is not more than one answer.
There is only one answer to this question.
Option 'A,' 'C,' and 'D' are statistical questions because there is more than one answer.
<em>What amounts did each person at the store spend on their purchase?</em>
This question has more than one answer.
<em>How long did each customer spend shopping at the store?</em>
<em>What are the heights of each customer who entered the store?</em>
These questions have more than one answer as well.
Statistical questions are questions that have more than one answer. This means you can collect data.
I, therefore, believe that option 'B' is not a statistical question.
This would mean that she has been in school for about 1,000 days. Thus, we need to figure out the amount of days she would have went to school within the week. This would normally be 5 days within the 7.
5/100 x 1000 is 714.28
When rounded to the nearest ten, it would end up at 710.
