Answer:
The answer is A.
Explanation:
If a person's wealth is in cash, price level changes in the economy will definitely affect the his monetary wealth.
Price level changes arise as a result of inflation. Increase in general price level in the economy will reduce the purchasing power of the cash. For example, a good that used to sell for $2, it now goes for $5.
And if there is decrease in general price level, the purchasing power of the cash will increase.
Answer:
The answer is C. Develop a clear vision and mission.
Explanation:
The strategy evaluation process is a process that involves the analysis of a strategic plan and the assessment of how well an objective has been achieved as described in the strategy.
The key steps in strategy evaluation are:
- examining the underlying bases of a firm's strategies.
- comparing actual results with expected results.
- taking remedial/corrective actions.
Evaluation helps in ensuring that an organization's strategy and it's implementation meets the objectives of the organization.
Answer:
d. makes the price level fall, while increases in the money supply make prices rise.
Explanation:
With everything else constant (ceteris paribus principle) and total freedom in the labor market (non-existence of minimum wage), an increase in human capital will increase the supply of employment making the salaries going doing. As a productive factor, cheaper labor cost will decrease the overall cost of the products, making it possible to offer the same amount of production by lower prices. An increase in the money supply will incentivize the private sector to increase production and therefore hire more people. The incremental in employment will increase the aggregate demand pushing prices up.
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