6. What is the difference between sticky prices and flexible prices? Explain.

Answers

Answer 1

Sticky prices and flexible prices refer to how prices of goods and services respond to changes in the economy.

Sticky prices are prices that do not change quickly or frequently in response to changes in demand or supply. These prices may be set for an extended period, such as a year, and can be influenced by factors such as contracts, agreements, and regulations. For example, rents on leases for commercial property often remain unchanged for several years, even if demand for space decreases.

Flexible prices, on the other hand, are prices that adjust quickly to changes in demand or supply. These prices can change frequently and are often influenced by market forces such as competition, production costs, and consumer demand. For example, prices of commodities like oil and gas fluctuate rapidly due to global supply and demand dynamics.

In summary, the difference between sticky prices and flexible prices is the speed and frequency with which they respond to changes in the market. Sticky prices remain fixed for longer periods, while flexible prices adjust quickly to changes in demand or supply.

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Related Questions

4. A few minutes later you came across some old commercials for the movie The Hunger Games.
Again, you realized that you learned about this type of economy in your economics class. Which type
of economic system best describes the fictional country of Panem? How can you tell?

Answers

The type of economic system that is in place in the fictional country of Panem is a Command economy.

How was Panem a command economy ?

In a command economy, all economic decisions are made at the discretion of the central authority. The land and the means of production are either owned by the state or a group.

Government control, as opposed to private enterprise, according to proponents of command economies, can guarantee a just distribution of goods and services.

Panem was a command economy in the Hunger Games because the government in the Capital controlled all aspects of life in the various districts.

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b.how do companies know what information they need to include in their financial statement footnotes?

Answers

The footnotes include additional information that isn't available in the statements themselves, as well as a detailed explanation of the processes and reporting standards used by the company's accounting systems.

Are financial statement footnotes required?

A company's published financial statements typically come with extra notes called footnotes. The assumptions made when putting together the financial statements' numbers and the accounting principles that the company has chosen are both explained in the notes.

Despite the fact that footnotes are a necessary component of every financial statement, there are no requirements for their clarity or conciseness. To reduce the possibility of litigation, management must share information "above the legal minimum". Footnotes must be included since they are a crucial component of the financial statements.

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April is worried that she is not a "good speller," so she plans to let the spelling
checker correct all her mistakes. What would be the most helpful advice for
April?

Answers

She can try reading stories, correct her mistakes on her own and then check to see how she has done, she can study Riggs too.

If a 20% increase results in a price of $6.36, what was the price before?

Answers

Answer:

$5.09 cents

Explanation:

Given the following question:

20% of 6.36

In order to find the answer, we will calculate using the formula for percentages then subtract that answer from the initial amount to have our answer.

\(\frac{p\times n}{100}\)
\(\frac{20\times6.36}{100}=20\times6.36=127.2\div100=1.272\)
\(=1.272\)

Round:
\(1.272\)
\(2 < 5\)
\(1.27\)

Now subtract:
\(6.36-1.27=5.09\)
\(=5.09\)

After a 20% decrease the price is now "$5.09 cents." Which means this was the price before the 20% increase.

Hope this helps.

an employee can be dismissed if their job surplus to requirements' outline why this state ment is false

Answers

Hiring labour is different from buying other goods and services, and the contract between the employer and the employee is incomplete. It does not cover what the employer really cares about, which is how hard and well the employee works.

Both employer and employee are responsible for paying a set percentage of the employee's earnings. What is the name of this payroll tax? Select one: a. Federal Insurance Contributions Act withholdings b. Family Medical Leave Act withholdings c. Employee Retirement Income Security Act withholdings d. Consolidated Omnibus Budget Reconciliation Act withholdings

Answers

The payroll tax that is responsible for the employer and employee paying a set percentage of the employee's earnings is known as "Federal Insurance Contributions Act withholdings". Option A is the answer.

The Federal Insurance Contributions Act (FICA) is a payroll tax levied on both workers and employers in the United States to fund Social Security and Medicare programs. The amount of FICA tax withheld from an employee's paycheck is determined by the employee's income and the current FICA tax rate.

The employer and employee each contribute half of the total FICA tax, which is a set percentage of the employee's gross earnings.The Federal Insurance Contributions Act withholdings option (a) is the correct answer to the given question.

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For international businesses to achieve vertical differentiation, _____. a. foreign and domestic operations should be grouped in such a way that the company effectively serves the needs of all customers b. top level managers must emphasize flexibility and openness in organizational structure c. a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers d. the global structure must allow decisions to be made in the most appropriate area of the organization

Answers

Answer:

a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers

Explanation:

Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .

Answers

Answer: Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do, e.g insure them, pension

Explanation:

Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do as as follows;

I) The government can grant them soft loans

ii) The government can consider making it easier for them to easily open SME's

iii) The government can consider making provision for them as regards pensions

iv) The government can insure them

3. ______ are defined as goods or services that are required for health and safety.

Answers

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

What is the safety of goods?

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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100. A residential zoning category requires at least 12,500 square feet per lot. The
developer is reserving 35% of the land to streets, sidewalks, a park and a community
center. The tract of land for development consists of 160 acres. How many residential
lots are available for development?
A. 196
B. 265
C. 362
D. 558

Answers

answer :

i would say C

During the two years he has been working, Jeffrey has saved some money to buy a house. His parents have agreed to loan him part of the down payment, and he has started to look for a house he can afford. He discovered a great house that has two apartments in it. He has looked at all the information carefully, done his budget, and thinks he can afford the house because he will live in only part of it and will rent out the other half. If Jeffrey buys this house, lives in the apartment upstairs and rents out the apartment downstairs, which of the following is true?

Answers

Answer:

you have to give "the following"

Assessment Questions
In What is Insurance
b Explain the following term in
Insure
premium

Answers

Explanation:

insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

premium an agreed payment for insurance

insure to protect something against unforseen risks like fire death etc.

Answer:

dch gang from BJP by v for Vendetta the intended recipient you are not the intended recipient you are not the intended recipient you are

in a manufacturing company, the budget is used to determine the budgets for manufacturing costs, including the direct materials budget, the direct labor budget, and the manufacturing overhead budget.

Answers

Answer:Production

Explanation:

Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?

Answers

Answer: Too see if anyone is stealing or charging extra fees

Explanation:

If the average income of an australian worker is higher than the average income of a russian worker, it is most likely because.

Answers

The average income of an Australian worker is higher than the average income of a Russian worker is most likely because the productivity in Australia is higher than in Russia.

Average income of a person can be refered as Per Capita GDP of a country. Per Capita GDP represents the economic output a person can produced in a country. Per Capita GDP can be calculated by dividing the GDP of a country with its population.

GDP of a country is also known as productivity. Productivity measures the output per input in a country.

Based on the case, assuming that the population in Australia and Russia are equal, any difference on the average income per worker or Per Capita GDP reflects the differences on both countries' GDPs. Using this assumption, we can conclude that Australia has higher Per Capita GDP than Russia because it has greater productivity.

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intermediaries can add value for customers by reducing the number of transactions required to obtain products from different brands.

Answers

Intermediaries add value by streamlining product acquisition and reducing transactions for customers seeking products from different brands.

How can intermediaries simplify obtaining products from different brands?

Intermediaries play a crucial role in the distribution process by reducing the number of transactions required for customers to obtain products from various brands. Instead of having to engage in multiple separate transactions with each brand individually, customers can rely on intermediaries to consolidate their purchases and streamline the overall process.

By acting as a middleman between customers and brands, intermediaries facilitate efficiency and convenience. They establish relationships with multiple brands, allowing customers to access a wide range of products through a single transaction. This consolidation eliminates the need for customers to navigate different purchasing channels, saving time and effort.

Additionally, intermediaries often provide additional services, such as logistics, warehousing, and customer support. These value-added services further enhance the customer experience by ensuring timely delivery, efficient inventory management, and responsive assistance.

In summary, intermediaries simplify the product acquisition process for customers by reducing the number of transactions required to obtain products from different brands. By consolidating purchases, they streamline the process, save time, and provide additional services that enhance the overall customer experience.

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A passive fund manager would be most likely to do which of the following ?A- Research the stocks in the benchmakr's portfolio extensively so as to align with itB- Align with both the market and individual funds by using competitive informationC- Beat the Benchmark Index performance by achivieng a higher returnD- Match the fund's performance to the benchmark index 's performance

Answers

A passive fund manager would be most likely to do Match the fund's performance to the benchmark index's performance. Thus the correct option is D.

What is a Passive fund?

Funds that are managed passively stick to an index. High turnover may potentially be a problem for passively managed funds since the fund will experience it if the index experiences it. It results in lower risk, flexibility, effective tax rates, and ease of use.

An objective of a passive fund manager is to monitor the performance of a specific index or stock market. The index that passive managers are seeking to track and use to rebalance the fund are at odds with one another.

Therefore, option D is appropriate.

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Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for dam-ages. Neal will be able to recover:a.the amount in the liquidated damages clause.b.the difference between Solomon's contract price and the amount paid by Renny.c.Solomon's contract price.d.an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.

Answers

Answer:

b. the difference between Solomon's contract price and the amount paid by Renny

Explanation:

Neal sues Solomon for damages as Solomon breaches his contract with Neal to purchase the 500 pairs of socks from him. Although he can sell the 500 pairs to Renny even then he was in loss only as he sells socks to Renny at a lower amount then it's actual cost.

In this case, Neal will be able to recover the difference between Solomon's contract price and the amount paid by Renny.

1. Assume that United States companies spent approximately $8 billion on paper last year. One company
estimated that it saved $100,000 in paper costs in one year when it replaced paper processing with
computer tablets. How many companies would have to save $100,000 to cover the annual cost of paper
used in the United States in one year?

Answers

Answer:

80000 companies (8 billion : 100000)

Being on time, which is expected in college, work, and society in general, is known as

Answers

Being on time, which is expected in college, work, and society in general, is known as punctuality. Being able to do a necessary work or fulfil an obligation before or at the time that was previously set is a sign of punctuality. On time and "punctual" are frequently used interchangeably.

Being late is an opposite personality attribute. Every culture has a common sense of what constitutes an appropriate level of punctuality. In most Western societies, being a few minutes late is often acceptable, although this is not the case for certain situations, such doctor's visits. Some cultures, such as those who use African time.

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Jordan has $5. 37, which he is using to buy ingredients to make salsa. He is buying one red pepper for $1. 29 and three pounds of tomatoes. If Jordan has exactly the right amount of money he needs, what is the price per pound of the tomatoes? Choose the correct equation to represent this real-world problem. Solve the equation and verify the reasonableness of your answer. A pound of tomatoes costs.

Answers

Answer:

5.37 =  3x + 1.29 and 1.36

Explanation:

3. For the setup of discussion-based exercises, additional materials provided by the planning team include:

Answers

For the setup of discussion-based exercises, additional materials provided by the planning team include sign-in sheets, feedback forms, Badges to identify participants by roles, and Multimedia presentation.

Discussion-based exercises incorporate seminars, workshops, tabletop exercises (TTXs), and games. These sorts of exercises can be utilized to accustom players to or formulate new, plans, policies, agreements, and methods. Discussion-based exercises emphasize strategic, policy-oriented matters. Functional exercises are organized to validate and consider capabilities, multiple functions and/or sub-functions, or interdependent companies of operations. Seminars commonly orient participants to, or equip an outline of, authorities, procedures, plans, approaches, and ideas.

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Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell: The purchase agreement provides that failure to provide the agreed upon deposit shall require the buyer to pay 1% interest for each day the deposit is late. TRUE or FALSE?

Answers

Answer:

True

Explanation:

When the agreement is formed, both parties buyer and seller have the right to list the terms and add covenants if they wish to add in the agreement. Once the agreement is signed by both the parties then they abide by all the terms listed in those agreement. Louisiana Residential agreement has listed terms about delay in deposit, if buyer agrees to those terms he abide by them.

The mission statement of Amazon is ?

Answers

The mission statement of Amazon is "to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices."

This mission statement emphasizes the company's focus on providing excellent customer service and offering a wide variety of products at competitive prices. Amazon's mission statement also reflects its commitment to constantly improving and innovating in order to meet the changing needs of its customers.

By focusing on these key areas, Amazon aims to become the go-to destination for online shopping and to maintain its position as a leader in the e-commerce industry.

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Is a business plan a one time fee?

Answers

Answer:

i think so :)

Explanation:

which three things are considered when making decisions regarding merchandise allocation? multiple select question. the type of merchandise to allocate the amount of merchandise to allocate to each store the timing of merchandise allocation number of sales associates per store the number of stores a retailer has

Answers

three things are considered when making decisions regarding merchandise allocation are:

the timing of merchandise allocation the type of merchandise to allocate the amount of merchandise to allocate to each store

The act of deciding how to allocate inventory to specific retail units in order to maximize sales and reduce markdowns is known as merchandising allocation. This can be a straightforward process or a highly sophisticated mathematical exercise, depending on the size and sophistication of the retail operation.

Additionally, there are tactical and strategic considerations for allocating merchandise. Maximum merchandise allocation will be given to stores during their "grand opening" period in order to attract new consumers and assess the potential sales of the new storage unit for accurate future allocation.

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hey yall school has been soo hard lately so any tips to do good in school?

Answers

How to Do Well in School

Attend class regularly.

Pay attention in class.

Do homework routinely.

See the teacher for help.

Review what you're learning on a regular basis.

Learn from mistakes..

Make school a priority.

Work hard, play hard.

There u go

Answer:

make a schedule in order to effectively get it all done. also, don't take advantage of studying, I used to not study enough, but then I just added an extra 30 min of studying time, and it improved my grades from a B+ to an A!! Just keep focus without destractions, you get a text, silence your phone until your finished, trust me, it will be hard to ignore everything and focus, but again, worth it. (sry for the typos, I have somewhere to be, but I hope I helped!)  

Explanation:

According to the AIDA model, the copy should create ________, produce ________, create desire, and ultimately result in an action.

Answers

According to the AIDA model, the copy should create attention, produce interest, create desire, and ultimately result in an action.

Attention: The copy should grab the reader's attention and make them notice the message. This can be achieved through a catchy headline, an eye-catching image, or a compelling opening sentence. Interest: Once the attention is captured, the copy should provide information that is relevant and interesting to the reader. It should highlight the benefits or unique features of the product or service being promoted, and explain why it is valuable or useful.

Desire: After building interest, the copy should create desire by appealing to the reader's emotions, needs, or desires. It should make them imagine how their life would be improved by using the product or service. This can be done by using persuasive language, testimonials, or storytelling. Action: Finally, the copy should motivate the reader to take action. This could be making a purchase, signing up for a newsletter, or any other desired action. The copy should clearly and convincingly explain the next steps the reader should take and provide a call-to-action that encourages them to act now.
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True or false: Employees prefer to receive ISOs rather than NQOs because the entire difference between the sales price and the exercise on the subsequent sale of the stock may be taxed as a long-term capital gain if the required holding periods are met. True false question. True False

Answers

Answer:True

Explanation:

you just signed a consulting contract that will pay you a cash flow at the end of each of the next 3 years. the cash flows are $38,000 (year 1), $52,000 (year 2), and $85,000 (year 3). what is the present value of these cash flows given a 10.5 percent discount rate?

Answers

Answer:

  $139,975.08

Explanation:

You want the present value of end-of-the-year cash flows for the next three years of $38,000, $52,000, and $85,000, given a discount rate of 10.5%.

Present value

The present value of each cash flow is computed by ...

  PV = P(1 +r)^-t

where r is the discount rate, and t is the number of years until the value P is realized.

Application

The present value in this scenario (in thousands) is ...

  38·1.105^-1 +52·1.105^-2 +85·1.105^-3

  = 1.105^-1·(38 + 1.105^-1·(52 +1.105^-1·85)) ≈ 139.97508

The present value of these cash flows is $139,975.08.

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you just signed a consulting contract that will pay you a cash flow at the end of each of the next 3

The present value of the cash flows can be calculated using the formula for the present value of an annuity.

In this case, we have three cash flows, so we need to calculate the present value of each cash flow separately and then add them together to get the total present value. To calculate the present value of each cash flow, we can use the following formula:
PV = CF / (1 + r)^n
Where PV is the present value, CF is the cash flow, r is the discount rate, and n is the number of years.
Using this formula, we can calculate the present value of each cash flow as follows:
PV1 = 38,000 / (1 + 0.105)^1 = 34,452.05
PV2 = 52,000 / (1 + 0.105)^2 = 42,516.55
PV3 = 85,000 / (1 + 0.105)^3 = 63,652.23
Adding these three values together, we get the total present value of the cash flows:
PV = PV1 + PV2 + PV3 = 34,452.05 + 42,516.55 + 63,652.23 = 140,620.83

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