In the Philip's curve the long run usually refers to the vertical line and the rate of unemployment the short run Philips curve denotes inflation and is in L shaped and the relationships indicates the trade-off between the inflation and the unemployment
Explanation:
This curve in general shows the relationship between the rate of increase in the nominal wages and the rate of unemployment and usually lower the rate of inflation higher will be the wages allotted and it will be the vice versa
There will be a shift in the Philips curve when there is a hike in the oil prices abroad and this will cause the curve to shift leftwards so in the long run it will indicate the unemployment rate and in the short run it will indicate the inflation rate
Answer: Option A
Explanation: In simple words post decision resonance refers to the feeling of regret that one gets after making decision that the choice they made was not correct.
This theory suggests that the level of regret that one feels depends on two factors, the net desirability between the option chooses and option not chooses, the importance of the decision made in the Decision makers life.
In the given case, Kimberly bought a camera and now think she did not make right choice. Hence from the above we can conclude that the correct option is A.
Answer:
=112.785
Explanation:
Average days in inventory is financial ratio that shows the average number of days a company takes to turn its inventory.
The formula for calculating the average days in inventory is as below.
Days in inventory = Average inventory /cost of goods sold x 365
for Re-UP Enterprises: average inventory = $189,880
cost of goods sold =$613,500,
Days in inventory
= $189,880/613,000 x 365
=0.309 X 365
=112.785
Answer:
- After-tax interest rate ⇒ 3.2%
- True tax on interest income ⇒ 20%
Explanation:
After-tax real interest rate:
= Real interest rate * (1 - tax rate)
= 4% * (1 - 20%)
= 4% * 80%
= 3.2%
True tax on interest income:
= 20%
True tax on interest income is the tax rate levied on the nominal interest rate which is 20%.
