An increase in the expected inflation rate shifts the short-run Phillips curve upward.
Inflation is the rate of increase in prices over a period of time. Inflation is usually a broad measure, such as a general rise in prices or an increase in the cost of living in a country.
US annual inflation accelerated to 9.1% in June 2022, from 8.6% in May to his highest since November 1981, beating market expectations of 8.8%.
Although high inflation is generally viewed as detrimental, some economists believe low inflation could boost economic growth. The opposite of inflation is deflation, where prices tend to fall. The Federal Reserve is targeting 2% inflation based on the Consumer Price Index (CPI).
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Answer:
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Explanation:
e software/system that helps make sure the retail firm doesn’t have a stockout is: Supply Chain Management Software
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What is Supply Chain Management Software?</h3>
Supply-chain-management computer program (SCMS) is the computer program apparatuses or modules utilized in executing supply chain exchanges, overseeing provider relationships and controlling related business processes. Supply chain management maximizes the efficiency of trade exercises that include planning and management of the complete supply chain. It helps businesses in product improvement, sourcing, generation, and logistics by automating operations. In this way, it increments the physical stream of trade as well as the informative flow. The whole business benefits with higher execution, greater cost-efficiency, and in this way expanded supply chain effectiveness.
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A monopolistically competitive firm may earn abnormally high profits in the short term. Monopolistically competitive firms then typically end up with zero profits long term. Monopolistic competition typically charges more than average cost for the item with a shortage of goods produced.
Its property tax and direct