The idea behind Nixon's decision to "freeze" wages and prices was inflation affects wages and prices, so freezing those would halt inflation.
When the total demand (AD) exceeds the total supply (AS) of a given item or service in the market, this is referred to as inflation.
As a result, the cost of those goods and services rises. This occurs as a result of people having money, either through high government spending or from high incomes or low loan rates.
Nixon thus decides to maintain a specific level of prices and salaries in order to freeze employment. As a result, the population's purchasing power will be constrained, and prices will eventually balance out.
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Answer:
A
Explanation:
More money, more demand
people wouldn’t want to work long hours short pay
and with more money the Money has less value
Answer:
x = 993.32
Explanation:
Given:
p=10+5ln(3x+1) , where p = $50
50 = 10 + 5ln(3x+1)
50-10 = 5ln(3x+1)
40 = 5ln(3x+1)
40/5 = ln(3x+1)
8 = ln(3x+1)
3x + 1 = 
Using calculator = 2,980.96
3x + 1 = 2,980.96
3x = 2,980.96 - 1
3x = 2,979.96
x = 2,979.96 / 3
x = 993.32
Therefore, 993.32 units would be supplied.
The trial period is called the probationary period. Typically last 90 days & the employee as well as the employer can end the work relationship without reason or cause. Sometimes the job fit is not right but at least this gives both parties to see how the situation works.
Answer:
Intuition Decision Making model.
Explanation:
Intuition Decision Making model can be described as the process by which knowledge acquired through associated learning and stored in long-term memory is accessed unconsciously to form the basis of a judgment or decision.
When speed is essential to a successful outcome, intuition decision making model should be used because there will not be need for analytics, facts, and a step-by-step process to come to a decision.
