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fredd [130]
3 years ago
5

According to the Phillips curve, policymakers could reduce both the inflation rate and the unemployment rate by Group of answer

choices increasing the money supply. raising taxes. increasing government expenditures None of the other answers is correct
Business
1 answer:
puteri [66]3 years ago
3 0

Answer:

None of the other answers is correct.

Explanation:

Williams A. Phillips was a notable economist born in New Zealand. Phillips wrote a famous article titled "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957" published in 1958 by Economica. In the article, he used data for the United Kingdom (U.K) to illustrate on a graph, a negative or inverse relationship between the rate of change of employee wages in the U.K and the unemployment rate in the United Kingdom (U.K).

Consequently, using the Phillips curve it is practically impossible for policymakers to reduce both the inflation rate and the unemployment rate because as the inflation rate decreases; the unemployment rate increases and vice-versa.

However, according to the Phillips curve, policymakers can reduce inflation and increase unemployment if aggregate demand is contracted.

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Sovereignty can best be described as ________.
Lisa [10]

Answer:

a government asserting control over and responsibility for its citizens and their actions.

Explanation:

Sovereignty means the power, right and ability of a government to exercise control over itself without any foreign or external control. It means the state of being supreme in authority.

Sovereignty enables a state or a government have total control over its citizens without external influence and also gives a state the capacity to enter into relations with other states. Sovereignty gives power to the people to have their leaders or government elected hence important because such government must be respected due to its sovereign status.

6 0
3 years ago
Indicate whether the FIFO or LIFO inventory costing method would normally be selected when inventory costs are rising. Explain w
Pepsi [2]

If prices are rising, prefer LIFO. This is because the goods sold have the highest cost and the lowest taxable income. First in, first out, or FIFO, applies the earliest cost first.

Core paper. The last-in-first-out (LIFO) method assumes that the last unit to arrive in inventory, or the newest unit, will be sold first. The first in, first out (FIFO) method assumes that the oldest SKUs are sold first. FIFO inventory calculation assigns the last acquisition cost to the manufacturing cost.

FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.

Learn more about LIFO at

brainly.com/question/13510592

#SPJ4

3 0
2 years ago
A coffee shop uses an online system to engage customers. After each transaction, customers receive a text asking them to rate th
iVinArrow [24]

Answer:

The correct answer is letter "C": feedback.

Explanation:

Feedback control refers to obtaining improvement suggestions typically by consumers or suppliers in a supply chain that allows companies to increase efficiency in their processes. It is useful at the moment of measuring customers' satisfaction with the goods or services provided and could determine the likelihood of those individuals acquiring again goods or services from the firm.

In some cases, control feedback includes a comment section where clients can give additional information on what they would change of the service they received or from the good they bought.

5 0
3 years ago
"Suppose an economy has only two​ sectors: Goods and Services. Each​ year, Goods sells 80​% of its outputs to Services and keeps
HACTEHA [7]

Answer:

price of goods is 0.9 times of the price of services  

Explanation:

Data

Goods sell = 80%

Services sell = 72%

Equilibrium prices = ???

Solution

In order to find equilibrium prices we need to develop an equation for that

Let's denote

Goods = x

Services = y

Goods sold = 80% of x = 0.8x

Services sold = 72% o y = 0.72y

Equation: 0.8x = 0.72y

Let's solve the equation furthermore

x = \frac{0.72}{0.8}y

x = 0.9y

Hence the price of goods is 0.9 times of the price of services  

3 0
3 years ago
Following the assumption that firms maximize profits, how will the price and output policy of an unregulated monopolist compare
Mamont248 [21]

Answer:

The correct answer is (A) output will be too small and its price too high.

Explanation:

MONOPOLY PRICE: price that departs from the value or production price of a given merchandise. Economic way in which capitalist monopolies obtain super profits. The monopoly price is equal to the production costs plus the high monopoly gain. There are two types of monopoly prices: the high ones, to which the monopolies sell their production and the low ones, to the monopolies buying the raw material or products destined for reworking and for sale, especially in colonial and dependent countries. In order to keep monopoly prices on the market, capitalist monopolies: 1) hinder the free emigration of capital by preventing the competitor from lowering the monopoly price or establishing an agreement with him to maintain a certain price, 2) limit the The production of goods in the internal market, without certain reductions in production, not even the destruction of "surplus" goods, 3) uses the bourgeois state to protect the internal market against foreign competition by establishing high tariff rates. Monopoly prices do not eliminate the action of the law of value as a law of merchandise prices. What monopoly capital earns thanks to monopoly prices, is lost by workers in capitalist countries and also the popular masses of colonial and economically weak countries, from which monopolists, through non-equivalent exchange, derive huge profits. A certain portion of the monopoly price is part of the gain of the bourgeoisie that does not enter the monopoly group. In this way, the interests of different classes and groups of today's capitalist society intersect in the monopoly price. For this reason, the growth of high monopoly prices, as well as the reduction of low monopoly prices - a phenomenon that is observed endlessly - leads to the further sharpening of the class contradictions of imperialism.

3 0
3 years ago
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