Answer:
Increases, decreases
Explanation:
According to the equation for the Phillips curve, if nominal wages and labor productivity both increase by 3%, then the inflation rate increases and unemployment decreases.
The Phillips curve is an economic concept developed by A. W. Phillips stating that <u>inflation and unemployment have a stable and inverse relationship.</u> The theory claims that <u>with economic growth comes inflation</u>, which in turn should lead to more jobs and <u>less unemployment.
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<u>Therefore as given in the scenario, wage increase signifies economic growth which will lead to increase in inflation and a decrease in unemployment</u>
Answer:
Explanation:
Sunk, or past, costs are monies already spent or money that is already contracted to be spent. A decision on whether or not a new endeavor is started will have no effect on this cash flow, so sunk costs cannot be relevant.
For example, money that has been spent on market research for a new product or planning a new factory is already spent and isn’t coming back to the company, irrespective of whether the product is approved for manufacture or the factory is built.
Committed costs are costs that would be incurred in the future but they cannot be avoided because the company has already committed to them through another decision which has been made.
Answer:
a) legal promise to repay a debt.
Explanation:
A bond is an agreement that is made between the issuer or the bank or the financial institution and the borrower.
The agreement was made in written specify the terms and conditions which involve the borrowed amount, interest rate, and the time period in which the borrower promises to pay back the money to the financial institution.
Financial risk is the kind of risk connected to early-stage product developments that design thinking helps to reduce.
<h3>What is meant by risk?</h3>
Risk is the possibility of anything going wrong. It concerns the ambiguity surrounding the actions' consequences. Risk is the price a businessman pays to make money.
The risk connected to the organization's financial resources is known as financial risk. It appears during the product development process.
Therefore, it can be stated that financial risk is a type of risk that can be reduced by creative thinking when it comes to early-stage novel concepts.
Thus, Financial risk is the kind of risk connected to early-stage product development.
For more details about Risk, click here:
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Answer:
a. Janice must adjust the total value 2018 GDP for inflation.
Explanation:
Gross domestic product is defined as the amount of goods and services produced by a country in a particular period. It is a measure of economic growth of the country.
Real GDP is calculated from GDP by adjusting for inflation of deflation. Real GDP gives a more clear picture of the economy since it considers the reality of inflationary effect on prices.
For example when prices go up and GDP is used, it will seem the country is producing more. Which is a wrong assumption.
Real GDP give a more accurate insight into a countrie's productivity.
