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alekssr [168]
3 years ago
6

Inflation affects the real value of future dollars and can therefore make signing long-term wage and loan agreements seem risky.

This illustrates the issue of
Business
1 answer:
Archy [21]3 years ago
6 0

Answer:

future price uncertainty

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect

Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.

Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.

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Where do employees on the travel and tourism industry come from?
Ipatiy [6.2K]

Answer:

There are six major components of tourism, each with their own sub-components. These are: tourist boards, travel services, accommodation services, conferences and events, attractions and tourism services. Below, I will explain what each of the components offer to the tourism industry and provide some relevant examples.

Explanation:

3 0
3 years ago
6. The effects of inflation Suppose Friendly Airlines is considering signing a long-term contract with the union representing it
Alla [95]

If inflation is lower than expected, it would benefit the union and it would be a disadvantage to Friendly Airlines because the real wage increase would now be 4%.

<h3>What is inflation?</h3>

Inflation is when there is a general increase in the general price level of an economy. If inflation turns out to be lower than expected, the employers would be at a disadvantage while the employees would be at advantage because there would be an increase in their real wages.

Increase in real wage = real increase in wage + (expected inflation + actual inflation)

3% + (6% - 5%) = 4%

To learn more about inflation, please check: brainly.com/question/15692461

#SPJ1

8 0
2 years ago
If the money multiplier is 3 and the Fed wants to increase the money supply by $900,000, it could 18. A. Buy $300,000 worth of b
Allushta [10]

Answer:

The right solution is Option A "buys $300000 worth rupees bonds".

Explanation:

Given:

Money multiplier,

= 3

Change in money supply,

= $900000

As we know,

⇒ Money \ multiplier=\frac{Change \ in \ total \ money \ supply}{Change \ in \ total \ monetary \ base}

Or,

⇒ Change \ in \ total \ monetary \ base=\frac{Change \ in \ total \ money \ supply}{Money \ multiplier}

On putting the values, we get

⇒                                                    =\frac{900000}{3}

⇒                                                    =300000 ($)

8 0
3 years ago
Determine the formula, then calculate ending direct materials total cost.
forsale [732]
<span>Fortunately, this is a simple calculation to compute; use the value of your starting direct materials inventory, your direct materials purchased and your direct materials used to find the ending inventory of direct materials.</span>
8 0
3 years ago
A customer ordered a bridal veil from your website two weeks ago and is concerned that it's two days before the wedding and the
ser-zykov [4K]

A customer ordered a bridal veil from your website two weeks ago and is concerned that it's two days before the wedding and the veil hasn't arrived. Which of the following would be a good customer service response?

Overnight another veil to the bride so that there's no risk that she won't have the veil for the wedding. This would be the best customer service response because it is making sure you meet the needs of your customer. If you do not overnight another veil to them, they will likely leave a bad review of your store because they were expected to have an item by the wedding date. Customer service ensures that the customer is always taken care of and the second response is basically telling the customer it is their problem and they can find another veil and return that one for their money back. This would leave the bride struggling to find something on short notice for the wedding instead of simply overnighting one.

3 0
3 years ago
Read 2 more answers
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