When inflation occurs each dollar of income will buy fewer goods and services than before.
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What is inflation?</h3>
- In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
- Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
- Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.
- The annualized percentage change in a general price index, or the inflation rate, is the most widely used indicator of inflation.
- The consumer price index (CPI) is frequently employed for this purpose because price increases are not uniform across the board.
- In the United States, wages are also calculated using the employment cost index.
Therefore, when inflation occurs each dollar of income will buy fewer goods and services than before.
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85% is the right answer because I said so...
Answer:
d. internal recruitment
Explanation:
Internal recruitment is a human resources strategy that seeks to fill vacant job positions from the existing workforce. In internal recruitment, existing employees are given priority whenever a senior position becomes available. The business will usually request qualified and willing employees to apply for the job. The successful applicant will then be promoted to a new role.
Internal recruitment may also involve employees moving within the same level but of different roles. Advantages of internal recruitment include.
- Quicker and more affordable to recruit
- Existing employees are familiar with the business and its operations
- Promotions within the company are a motivating factor for employees.
- The business knows the strengths and weaknesses of each employee.
Simply divide the percentage change in the quantity demand with the percentage change in price, giving you a positive value of 0.5. This shows that it is inelastic and the two goods are substitutes to each other.
