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The changing of petrol price affects the rate of inflation. When petrol price increases, it follows that the cost of production and transportation of most goods also increase.
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How will future expectations will affect demand?
it will happen by price changing.
Does the price of oil affect the price of petrol?
Yes, petrol prices will move slightly to reflect the oil price, although in the UK the the oil cost is a very small part of the price per litre, tax and fuel duty makes up the majority of the cost. Also as petrol if produced through fractal distillation (separation of crude oil) the price of petrol is most likely to increase slightly through the price of oil.
The consumers price index helps the U.S. government measure what?
inflation
How do exchange rate affect businesses?
The local economy will be higher raising on inflation and the value of currency of the price will be in intrest rate as decreasing.
What is the difference between expected inflation and inflation how does changing inflation expections affect short run philpse curve?
The first answer is self-explanatory. If consumers THINK a good will go up in price, then that good has a high expected inflation. Whether or not it actually does is it's actual inflation.This matters in the Phillips Curve mainly when dealing with businesses. Basically, if a business thinks it's costs are going to increase (inflation), it might not hire more people or might even lay people off to save money. Thus, as expected inflation rises, unemployment rises, just like the Curve says it would.
How does inflation affect prices?
It causes the general price of products to slowly rise over time.
How will future expectations will affect demand?
it will happen by price changing.
Does the price of oil affect the price of petrol?
Yes, petrol prices will move slightly to reflect the oil price, although in the UK the the oil cost is a very small part of the price per litre, tax and fuel duty makes up the majority of the cost. Also as petrol if produced through fractal distillation (separation of crude oil) the price of petrol is most likely to increase slightly through the price of oil.
What was the cost of living in 1975 in the UK?
interest rates 11.25% inflation was 24.02% petrol per gallon was 0.72 p average price of house was 11, 787 £
The consumers price index helps the U.S. government measure what?
inflation
Are petrol stations allowed to change the petrol price to the old price if old petrol is in the petrol tank?
I don't know who asked that question, but he must be f***ed in the brain
How do exchange rate affect businesses?
The local economy will be higher raising on inflation and the value of currency of the price will be in intrest rate as decreasing.
What is the difference between expected inflation and inflation how does changing inflation expections affect short run philpse curve?
The first answer is self-explanatory. If consumers THINK a good will go up in price, then that good has a high expected inflation. Whether or not it actually does is it's actual inflation.This matters in the Phillips Curve mainly when dealing with businesses. Basically, if a business thinks it's costs are going to increase (inflation), it might not hire more people or might even lay people off to save money. Thus, as expected inflation rises, unemployment rises, just like the Curve says it would.
Why are Price level adjustments required?
Changing Government fiscal policies Abuse of office (corruption) Inflation Varying cost of labour and other inputs Profit maximisation
What was the price of petrol in Britain in 1958?
in the 1958 britain's petrol had didn't price than now, because many the people of Britain didnt now about petrol and their use...........
How might rapid inflation affect college enrollment?
Inflation is the decrease of the purchasing power of a currency.(Ex. Dollar, Yen, Franc, peso etc) This Increases the price of goods and purchases. If College Tuition rates Increase due to inflation it will be more expensive to attend college. This will affect enrollment substantially and may or may not reduce the enrollment rate.
What was the price of petrol in Australia in 1984?
In 1984 the price per litre of fuel was 50¢.
