Answer:
The options which is NOT correct is C.
Purchasing power does not increase with inrease in the rate of inflation. There is an inverse relationship between inflation and purchasing power of money.
Explanation:
Inflation refers to the overall increase in prices of goods and services and the erosion of the power of the currency to purchase those goods and services. In otherwords, when inflation happens, one requires more dollar bills to purchase same unit of goods or services.
Deflation is the opposite of inflation. It refers to the decrease in the prices of goods and services and is usually accompained by an increase in the purchasing power of the currency.
Nominal interest rate simply put is the interest payable on a loan without considering processing fees, compounding interest payable and the erosion of the value of such money.
Cheers!
Here are the answers to the given questions above.
1. <span>The hope of reward that encourages a person to behave in a certain way is a(n) INCENTIVE.
2. </span><span>A bridge is an example of something that is usually provided as a PUBLIC GOOD.
3. </span><span>To show how demand for a good will change at specific price points, economists use a MARKET DEMAND SCHEDULE.
Hope this answer helps.</span>
Answer:
$120,000
Explanation:
The total profit for Winter company is computed as seen below
($15 × 15,000 units) - [$10,000 + $5,000(($2.50 + $0.75 + $1.25 + $1.50)15,000)]
= $225,000 - [$5,000 + ($6 × 15,000)]
= $225,0000 - $105,000
= $120,000
