The SRAS curve captures the supply-side of the aggregate market. It represents graphically the short-run relation between real production and the price level.<span>
A decrease in labor's productivity will cause the economy's SRAS curve to shift rightwar and the price level to decrease. Because l</span>abor productivity is the measure of economic growth this means that the bigger the labor productivity <span> the greater the GDP. And greater GDP means shifting the </span>SRAS curve<span> to the right .</span>
Friedman and Phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between: unanticipated inflation and cyclical unemployment.
<h3>What is inflation?</h3>
This is the time in the government or the economy of a nation where they are faced with the rise in the prices of goods and services.
This may cause people to lose their jobs and also cause people to buy less of goods and services.
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The correct answer is false.
It is false that Kotter studied a number of successful general managers over a five-year period and found that they spend most of their time by themselves drawing up plans or worrying about important decisions
Philip Kottler has been considered to be a guru in management and marketing. He has spent many hours, days, and tears studying management styles, functions, and leadership in a considerable number of organizations and has realized the most important characteristics of a top management leader and modern marketing techniques in corporations.
His reconditions, written in some important and renowned books have become a "must-have" guide for modern leaders in the corporate world.
Answer and Explanation:
The journal entry is
Salaries and Wages Payable $50,000
Salaries and Wages Expense $25,000
To Cash $75,000
(Being cash paid is recorded)
Here salaries & wages payable and salaries & wages expense is debited as it decreased the liabilities & increased the expense while the cash is credited as it decreased the assets
