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Is the statement 'Society faces a short-run tradeoff between inflation and unemployment' positive or normative?
positive
Is there a tradeoff between unemployment and inflation when the aggregate demand in an economy increases?
Yes, there is a tradeoff between unemployment and inflation when aggregate demand in an economy increases. As demand rises, businesses may need to hire more workers to meet the increased demand, leading to lower unemployment rates. However, if demand grows too quickly, it can also lead to inflation as businesses raise prices to match the higher demand. This tradeoff is known as the Phillips curve relationship.
Under what conditions is the production possibilities frontier linear rather than bowed out?
When the Opportunity Cost or the tradeoff between the two goods is always at a constant rate.
Managerial Economics serves as a link between traditional economics and decision making Discuss?
many concepts in economics are regarded as empirically observed and evident but not theoretically understood or validated. That is to say there is a void between the academic Economics (traditional) and the practical application of Economics (managerial). Managerial economics serves as a means of applying economic theory to managerial decisions (real life business problems) of dealing with limited resources and competing ends. Managerial economics is a link as it's basis is in "traditional" economics but it can rarely be perfectly applied to contemporary "real life" decision making.
How are creativity innovation and entrepreneurship related?
Discuss the relationship between creativity,innovation and entrepreneurship
What is the difference between retailing and merchandising?
what is the diference between merchandising and retailing
Difference between store retailing and non store retailing?
One major difference between store and non-store retailing is location. To do store retailing, it has to have a physical location, or a "brick and mortar" presence that a customer can physically go to. In non store retailing, there is no physical location for customers to pick up their good, and instead, they get them through automatic vending machines, television, video, Internet, direct selling, and direct marketing.
What is a difference between marketing and retailing?
retailing is selling the products and services from one particular point and marketing is creating the demand for the products and services and then selling them in the market.
Is the statement 'Society faces a short-run tradeoff between inflation and unemployment' positive or normative?
positive
Difference between opportunity cost and a tradeoff?
Opportunity cost is that amount which is to forego by adapting different mutual exclusive investing opportunities while tradeoff value is the exchange value of old asset while purchasing same new asset.
Guns and butter are used to represent the classic societal tradeoff between soending on?
Guns and butter used together represent investopedia. This is between the two.
Is there a tradeoff between unemployment and inflation when the aggregate demand in an economy increases?
Yes, there is a tradeoff between unemployment and inflation when aggregate demand in an economy increases. As demand rises, businesses may need to hire more workers to meet the increased demand, leading to lower unemployment rates. However, if demand grows too quickly, it can also lead to inflation as businesses raise prices to match the higher demand. This tradeoff is known as the Phillips curve relationship.
What is the difference between Product retailing and service retailing from point of view of retail marketing?
Product retailing is when a company sells a product that can come from a manufacturer, the store selling the item only sells it does not have a relationship with the consumer. Service retailing is selling a service such as cleaning a house or repairing a car, a relationship is built between the customer and the service provider. When marketing a product the marketer has to show that the product is desirable to the consumer, whereas when marketing a retail service it is a relationship that is being promoted not just a single transaction.
What are the characteristic differences between Rhombus?
You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!
What is the diffference between retailing and whole selling?
retailing means buying in bulk from the wholesellers and selling in smaller quantities to the consumers while wholeselling means buying goods from the producers and selling in bulk at a higher price to the retailers
What is the camparison between the best and cheapest brands?
The cheapest brands won't have a very good build quality, but will be much cheaper. It's a tradeoff.
Under what conditions is the production possibilities frontier linear rather than bowed out?
When the Opportunity Cost or the tradeoff between the two goods is always at a constant rate.
