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tia_tia [17]
2 years ago
13

Relationship between short and long run in Philips curve

Business
1 answer:
saw5 [17]2 years ago
4 0

Answer:

In the short-run, inflation and unemployment are inversely related; as one quantity increases, the other decreases. In the long-run, there is no trade-off. In the 1960's, economists believed that the short-run Phillips curve was stable.

Explanation:

https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/

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Gavin tells Rod that he will pay him $400 to paint his house. Rod starts to paint, intending to accept. Halfway through his pain
natta225 [31]

Answer:

Gavin is allowed to revoke if he finds Rod's efforts half-hearted

Explanation:

given  data      

Gavin pay  for paint his house = $400

solution

as given Gavin pay Rod for paint his house at $400 but  Gavin want to revoke the offer so Either he accepts, or he does not accept the offer.

If he starts to paint the offer, and Gavin doesn't like his work, the offer may be canceled.

so scenario is Gavin is allowed to revoke if he finds Rod's efforts half-hearted

7 0
3 years ago
Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: 2
lubasha [3.4K]

Answer:

$3,000 understated

Explanation:

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While there is no additional errors occurred and no correcting entries passed so in this the $3,000 is understated by above calculation

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Basic premise of supply and demand theory
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