In this scenario, Daniel is <span>satisficing.
</span>According to its definition, to satisfice means '<span>decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal.' So, Daniel is weighing his options and looking for the means which will provide him with the best results possible when it comes to his small shoe manufacturing company.</span>
Answer: Increases the price level by 5 percent
Explanation:
Monetary Neutrality is a theory in Economics that posits that when there is a change in money supply in an economy, the only variables affected are the nominal ones like price level and wages and Real variables like GDP and employment are not affected.
It holds that when there is an increase in money supply, there is an equivalent increase in Price level as well because the value of money has fallen by the rate of the monetary increase. The Price level rising at the same rate is to compensate.
A 5 percent increase in the money supply will therefore increase the price level by 5 percent.
Answer:
A trade union is an organisation made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union's main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer.
Answer:
The answer is A) Macroeconomic policy will be needed to address rising inflation.
Explanation:
Macroeconomics policy addresses key issues in the economy such as the structure, performance, behavior, and decision-making of the whole, or aggregate, economy.
The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles.
In the short term, it focuses on the way the economy performs as a whole and then analyzes how different sectors of the economy relate to one another to understand how the aggregate functions. This includes looking at variables like unemployment Inflation and how it reflect on the Gross Domestic product.
Answer:
Option D
Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.
Explanation:
Option D
Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.
As manufacturing will decrease, the number of jobs will decrease drastically because the number of industries will become small.
