Explanation:
Given , $ 1=600 pesos
so, a person wants to buy an object that cost 4,800
let assume $=x
x=4,800/600=8
So the answer is$8
<u>$ 8= 4800 pesos</u>
Answer:
flexibility
Explanation:
According to classical economists, the price-wage-interest rate flexibility refers to a combination of flexible factors that maintains economic stability:
- Flexible interest rates keeps the money markets (loans) in equilibrium.
- Flexible wages keeps the labor market in equilibrium.
- Flexible prices keeps the goods and services markets in equilibrium.
Therefore, if spending declines, the economy will self-adjust using flexible interest rates (interest rates should lower), flexible wages (wages should lower) and flexible prices (prices should lower) until the economy rebounds.
Nothing will change. Upper management must enthusiastically pursue the plan and create a culture for employees to follow
