Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving to the right level.
<h3>Classical economists</h3>
The Classical economists believe that the great depression experience was as a result of as a political problem.
The reason why they believe it was political problem was because they felt the labor unions who is the union responsible for fight for the right of workers were the one that stop or prevent the wage level from moving to the right level.
Therefore they believed that labor unions were stopping the wage level from rising.
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In getting the GDP or Gross Domestic Product for year 1 and
year 2, you should multiply the price to the quantity of goods sold and add
them all up.
For GDP Year 1
Given:
Quarts of Ice Cream with a price of $6 and 4 quantity of
goods.
Bottle of Shampoo with a price of $5 and 2 quantity of
goods.
Jars of Peanut butter with a price of $3 and 4 quantity of
goods.
= (6 x 4) + (5 x 2) + (3 x 4)
= $46
For GDP Year 2, the same products with different price and
quantity.
= (6 x 6) + (5 x 3) + (3 x 3)
= $60
Answer:
option (c) depreciate by exactly 10 percent
Explanation:
Data provided in the question:
Canadian dollar = 0.75 US dollars per Canadian dollar
Canada's rate of inflation = 0 percent
US rate of inflation = 10 percent
Now,
The percentage change in real exchange rate
= percentage change in nominal exchange rate - (Domestic inflation - Foreign inflation)
= 0 - (10 percent - 0 percent )
= - 10 percent
Here,
the negative sign depicts that the exchange rate will depreciate
Hence,
the answer is option (c) depreciate by exactly 10 percent
Answer:
Industrial Analysis.
Explanation:
Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the profit potential of the industry. The research that Terry was doing is called <u>Industrial </u>analysis.
Industrial Analysis: It is an analysis or function conducted by the owner of business to understand the dynamics and workflow of any specific industry. It help to know the industrial environment to gain the competitve advantage and potential of the business in the industry. Later on the basis of Industrial analysis, SWOT analysis is conducted to know Strength, weakness, opportunity and threats of a company.
