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Kitty [74]
2 years ago
6

The Phillips curve was first suggested as a description of the relationship between inflation and unemployment in the late 1950s

, and data through the 1960s were consistent with its predictions. What happened in the 1970s?
Business
2 answers:
Sholpan [36]2 years ago
7 0

Answer:

HIGH INFLATION and high unemployment in the United States undermined the Phillips hypothesis.

Explanation:

Mkey [24]2 years ago
5 0

Answer: High inflation and high unemployment in the United States undermined the Phillips hypothesis.

Explanation:

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Joe Jones, plant manager at Waco Industries, told a friend that if it was necessary, his plant could produce 1,000 items a day i
Paraphin [41]

Answer:

Correct option is (d)

Explanation:

Capacity refers to the amount of goods that a plant or organization can produce. Maximum capacity refers to the total number of goods produced at maximum efficiency.

In this case, Joe's plant could produce 1,000 items if all conditions are met, which means when the plant is at its highest efficiency. This states the maximum capacity of the plant.

7 0
2 years ago
An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large fir
hichkok12 [17]

Answer: Option A

Explanation: The basic organisational structure and several different characteristics prevailing in a business environment together constitutes a market structure. In an oligopolistic there are very few large firms which dominate the market, for example - auto industry.

As firms in the oligopolistic market are very high this results in high concentration in the market. Each firm in this market structure operates in so large scale that actions of one affects the operations of others.

Usually the capital need in such industries is too large making it difficult to entry also the need for several licenses acts as barriers to entry but there is no such thing like NO ENTRY in such industries.

5 0
3 years ago
A total of 1000 units of a certain product must be completed by the end of the current week. It is now late Monday afternoon, so
Arturiano [62]

Answer:

7 workers will be required

Explanation:

We will define actual time required to do a job

= Standard time required for producing each unit x Worker efficiency (%)/100

= 11.65 x 115/100

= 13.3975 minutes

Total available minutes in 4 days = 4 days x 8 hours/ day x 60 minutes / day = 1920 minutes

Therefore ,

Number of units which can be produced by 1 worker in 4 days = 1920 /13.3975

Number of units to be produced = 1000 units

Therefore,

Number of workers required

= Number of units to be produced / Number of units which can be produced by 1 worker in 4 days

= 1000 x ( 13.3975 /1920)

= 6.977 ( 7 rounded to nearest whole number )

8 0
3 years ago
During the elaboration stage of an organization: Group of answer choices change management is the most important skill that huma
Leno4ka [110]

Answer:

change management is the most important skill that human resource personnel contribute.

Explanation:

Elaboration stage of an organisation is also called the maturity stage. It is characterised by different units being involved in making decisions.

This slows down speed of decision making.

At this stage there is a need for revitalisation and change in order to make the organisation more efficient.

Change management is the process by which employees in an organisation are prepared and supported when there are far reaching improvements to organisation structure.

It ensures a smooth transition by providing needed information and reducing the stress associated with organisational change.

This is a key skill needed by human resource personnel fusing the elaboration stage

7 0
2 years ago
If the marginal benefit of an activity is greater than marginal cost of an activety, then you are better off___
zloy xaker [14]

As long as the marginal benefits are higher than the marginal costs you are better off continuing the activity.

Consider the example of eating pizza. Each slice of pizza gives you happiness and helps fill you up (marginal benefit), but each slice also has lots of calories and fat (marginal cost). As long as you are still hungry and getting enjoyment from eating, you should keep eating. But once you reach the point where you are too full then you should stop, because the costs now outweigh the benefits.

3 0
3 years ago
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