All categories

2 years ago

Which of the following scenarios illustrates cost-push inflation?(1 point)

Business

1 answer:

Crazy boy [7]2 years ago

3 0

Answer:

1. Inflation is best described as _____.

- an upward, general trend of prices in the economy

2. Which of the following scenarios illustrates cost-push inflation?

- An increase in the price of raw materials decreases aggregate supply, pushing prices higher throughout the economy.

3. The Consumer Price Index in 2018 was 251. In 2019, the CPI rose to 257. Calculate the inflation rate from 2018 to 2019. Round your answer to the nearest tenth of a percent.

- 2.4%

4. The Consumer Price Index of any given year provides _____.

- the relative price of a basket of consumer goods as compared to base year prices

5. The rate of inflation in a hypothetical economy is projected to be 1.5% in the coming quarter. Given this information, the Federal Reserve is likely to _____.

- make efforts to raise the inflation rate because 1.5% is below the desired rate of inflation

Explanation:

Mark me braliest

These are 100% correct

You might be interested in

Suppose that Greece and Germany both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 5 barrels

Mila [183]

Answer:

1. Greece, Germany

2. 2.2 barrels of oil, 0.45 pairs of shoes

3. d. 10 barrels of oil per pair of shoes

Explanation:

a) Data and Calculations:

To produce a pair of shoes costs Greece 5 barrels of oil

To produce a pair of shoes costs Germany 11 barrels of oil

b) This means that it costs Germany more than Greece to produce a pair of shoes, and Germany produces a lot of oil to the extent that she is willing to exchange her 11 barrels of oil for a pair of shoes while Greece can only exchange 5 barrels of oil for a pair of shoes.

8 0

2 years ago

Conducting a double-blind study is easier when assessing the effectiveness of _____ compared with _____.

Vilka [71]

Is any answers option

3 0

3 years ago

Fosnight Enterprises prepared the following sales budget: The expected gross profit rate is 30% and the inventory at the end of

Travka [436]

Answer:

$1,960

Explanation:

Complete Questin:

Fosnight Enterprises prepared the following sales budget:

Month Budgeted Sales

March $6,000

April $13,000

May $12,000

June $14,000

The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

Sales = 100% – 30%

Gross Profit = 70%

Cost of Goods Sold (CGS)

Therefore, June Sales= $14,000 × 70%

= 9,800 (CGS) × 20%

= $1,960

8 0

3 years ago

While in the planning stage, what would a project manager create through the use of software?

Trava [24]

an evaluation of the project

7 0

2 years ago

Labor unions and businesses in the heavy equipment industry have asked the u.s. congress to place a tax on imported equipment in

Ann [662]

Answer: Protective tariff

Explanation: Protective tariffs are basically designed to protect the domestic producers from foreign competition. These tariffs raise the retail price of imported products making them expensive in comparison to domestic products and thereby making domestic products more competitive.

Thus, by placing a tax on imported equipment in order to make it more expensive, these industries hope that <em>Protective tariff</em> will allow u.s. producers to be more competitive.

8 0

3 years ago