Aggregate demand, aggregate supply, and the Philips curve Hint: Hover your cursor over each point after you plot it to make sure you have placed it on the exact coordinate you intended.INFLATION RATE (Percent)8760012356UNEMPLOYMENT RATE (Percent)4♦iMessageOutcome AAOutcome BPhillips CurveSuppose that the government is considering enacting an expansionary policy in 2023 that would shift aggregate demand in 2024 from ADA to ADB.the short-run Phillips curve, resulting inin the inflation rate andin theThis would cause aunemployment rate.?MacBook Air PRICE LE1041031021011000AD20232IIADBADA4 6 810OUTPUT (Trillions of dollars)A1214Suppose the unemployment rate is 7% under one of these two outcomes and 5% under the other. Based on the previous graph, you wouldexpectto be associated with the lower unemployment rate (5%).iMessage16If aggregate demand is low in 2024, and the economy is at outcome A, the inflation rate between 2023 and 2024 isBased on your answers to the previous questions, on the following graph use the purple point (diamond symbol) to plot the unemployment rate andinflation rate if the economy is at point A. Next, use the green point (triangle symbol) to plot the unemployment rate and inflation rate if the economyis at point B. (As you place these points, dashed drop lines will automatically extend to both axes.) Finally, use the black line (cross symbol) to drawthe short-run Phillips curve for this economy in 2024.Note: For graphing pruposes, round the inflation rate under each outcome to the nearest whole percent. For example, round 1.9% to 2.0%.Hint: Hover your cursor over each point after you plot it to make sure you have placed it on the exact coordinate you intended.MacBook Air

If the government is considering enacting an expansionary policy in 2023 that would shift aggregate…

Answered: Suppose that the government is…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Hau Lee Fumiture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $24,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $29,000 so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Profit Current Situation $80,000 $36,000 (45%) $16,000 (20%) $4,000 (5%) $24,000 (30%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $29,000? What is the cost of material with a $29,000 profit? A decrease of % in material (supply-chain) costs is required to yield a profit of $29,000, for a new material cost of $ cost as a whole number.) (Enter your response for the percentage decrease to one decimal place and enter your response for the new material
What is the impact of lead times on the implementation of the Wilson approach in supply chain management?
Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current profit of $15,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $20,000 so he can obtain the bank's approval for the loan. Current Situation Sales Cost of material $100,000 $45,000 (45%) Production costs Fixed cost Profit $25,000 (25%) $15,000 (15%) $15,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $20,000? What is the cost of material with a $20,000 profit? A decrease of 11.1 % in material (supply-chain) costs is required to yield a profit of $20,000, for a new material cost of $40000. (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.)
Explain supply chain management in context of some real life examples? At least three .
Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $21,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $26,000 so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Profit Current Situation $140,000 $70,000 (50%) $28,000 (20%) $21,000 (15%) $21,000 (15%) a) What percentage improvement is needed in the supply chain strategy for profit to improve to $26,000? What is the cost of material with a $26,000 profit? A decrease of % in material (supply-chain) costs is required to yield a profit of $26,000, for a new material cost of $ (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.)
Buying capacity refers to?
Compare the capabilities required to achieve supply chain excellence according to: Decision focus Data aggregation level Time to implement The number of users involved in the analysis
The Competitive Edge Due to Mica’s low cost operating model, the supplier rebate requirement for the administration of the Mica Support Centre is minimal which allows the suppliers to trade competitively with each and every Mica member. Suppliers All Mica’s Preferred Suppliers are specifically graded to ensure maximum support for the supplier whilst ensuring the member remains competitive and is able to offer their customers the correct assortment of products. The members’ throughput is analysed every month where opportunities are identified in order to continually improve supplier performance or loyalty which in turn has increased supplier loyalty to Mica. Mica partners with their suppliers at a strategic level to ensure the supplier also sees benefit from the Mica Relationship in terms of increased support. Advertising and Product Forums The marketing and product forums are facilitated by Mica Support Centre but are fully represented by members not only regionally but with sound…

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Suppose that the government is considering enacting an expansionary policy in 2023 that would shift aggregate demand in 2024 from ADA to ADB. in the inflation rate and the short-run Phillips curve, resulting in in the This would cause a unemployment rate.