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The self-inflation system on a 6x6 Mercedes-Benz vehicle, such as the Unimog, automatically adjusts tire pressure based on the terrain and driving conditions. It uses a compressor that draws air from the vehicle's engine or an external source, inflating the tires to the desired pressure when needed. This system allows for optimal traction and stability in varying conditions, enhancing off-road performance. Additionally, it usually includes a control panel for the driver to monitor and adjust tire pressures as necessary.

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3mo ago

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Can cost-push inflation become self limiting?

Yes.


What are three causes of inflation and how do they differ?

Three primary causes of inflation are demand-pull inflation, cost-push inflation, and built-in inflation. Demand-pull inflation occurs when overall demand for goods and services exceeds supply, leading to higher prices. Cost-push inflation arises when the costs of production, such as wages and materials, increase, prompting producers to raise prices to maintain profit margins. Built-in inflation is linked to adaptive expectations, where businesses and workers expect prices to rise and adjust wages and prices accordingly, creating a self-perpetuating cycle of inflation.


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.


Four objective of macroeconomics?

Low unemployment Low Inflation High and stable economic growth The avoidance of balance of payments deficits and excessive exchange rate fluctuations (this one is concerned with international trade) They are actually Full Employment - lowest rate of unemployment attainable without accelerating inflation Price Stability - keeping inflation down (monetary policy, fiscal policy) Economic Growth - self explanatory External policy - Current account, exchange rate etc


Economic system centered on self-contained estates called manors?

manorialism