It is desirable in a period of INFLATION. During inflation, there is general increase in price and decrease in the value of money. Thus, during inflation the government stabilizes the economy by increasing it budgetary surplus, that is, it takes in more than it spends or by decreasing its deficit.
Answer:
b. an outward shift of the production possibilities curve along both axes
Explanation:
As we know that outward shift refers to the growth.
Baby boomers is a term used for the human generation born between 1946 and 1964 after the end of world war 2 when the birth rate across the world was narrowed and thereafter the emerging births of new infants were known as Baby Boom.
The main reasons of this outward shift were:
- People started new families to cover the life gap of the loved ones they lost during the world war
- People hoped that coming era will be of peace and business growth which they actually saw thereafter
- People hoped to see the economic growth in upcoming years leading them towards business expansions and production growths as well
They’re both have ice in the words they’re both nouns
Sorry I don’t know how they’re different maybe (the police is a person/or a group of people ) and a spice is a thing used for food
Answer:
a. True
Explanation:
A revolving credit agreement is a line of credit, that is, a default limit that a firm can use to borrow money as much as possible until this limit is reached. The firm will have to pay the bank for a commitment to lend or extend such funds. The bank will also put some factors about the firm's ability to pay into consideration before revolving credit can be used.
Answer:
C.
Explanation:
When new entrants into a competitive market have higher costs than existing firms, market price will rise.
