Answer:
b. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible
Explanation:
In the given situation, it is mentioned that the rational expectations proponets said that the sacrified ratio would be lesser as the people wants to adjust their expectations in a fastest way in the case when they found that the anti-inflation policy is credible
Therefore as per the given situation, the option b is correct
Answer:
consumer products provided are categorized thus:
(1) relatively expensive: a computer system
(2) infrequently purchased: A car
(3) buyers are willing to expend considerable effort in planning and making purchases: A house
Explanation:
Consumer products are defined as products that satisfy a consumer's wants or needs. There can be convenient, affordable as well as expensive and infrequently purchased.
Consumer goods are final goods sold to consumers for use. It is usually not used as means for further economic production activity.
Some consumer goods are durable and can last for up to three years or more while some are perishable with expiry dates and must be consumed within a short pace of time.
Finally, consumer goods can be grouped into different categories based on consumer behavior depending on how frequently they are used.
Answer:
it take 29.23 years, my salary to double.
Explanation:
To make the salary double I have to increase the value of salary by 100%. If inflation rate is 2.4 percent per year and salary increase the same rate the time period to make it double can be calculated as follow.
As every year 2.4% has compounding effect, so we will use compounding formula to solve this problem.
Target value = Existing value ( 1 + growth rate )^time period
200% = 100% ( 1 + 2.4% )^n
2 = 1 ( 1 + 0.024 )^n
2 = 1 ( 1.024 )^n
2 = 1.024^n
Taking log on both sides to solve the n
Log 2 = n Log 1.024
n = Log 2 / Log 1.024
n = 29.23 years
I will take 29.23 year to double the salary
Answer:
Demand schedule:
The Demand schedule refers to the tabular representation of the quantity demanded at the various price levels. By observing the demand schedule, we can conclude that as the price of the good increases then as a result the quantity demanded for that good falls. It represents various combination of price and quantity demanded.
Demand curve:
A demand curve refers to the graphical representation of the demand schedule which shows the relationship between the price of the commodity and the quantity demanded for that commodity. It is downward sloping curve which shows that there is an inverse relationship between the price of a good and the quantity demanded.
Answer:
The correct answer is C, the advertising strategy of a particular company.
Explanation:
Option is about the rate of prices increase in Brazil as whole,hence that involves the households,the businesses and the government, it is a macroeconomic topic
The increase in the national income of the United States over the past three months is also a macroeconomic topic as it involves the activities of the government of US as well as businesses and private individuals.
The unemployment rate focused on the proportion of the able population who are not gainfully employed in the economy as a whole is also a macroeconomic topic
