What can be concluded from the chart below (which shows inflation versus unemployment rates from 1948 to 2015)? Inflation 121 79 rate 10 8- 6. 4- 2 0. 52 3 51 48 69 68 of 73 Average-5.8% 78 77 -790 71 74 87 86 2.06 76 .81 .75 8 92631 10 9 Unemployment rate In the short run, unemployment is not always correlated with inflation. In the long run, unemployment is not always correlated with inflation. In the short run, unemployment is correlated with inflation. In the long run, the Phillips Curve is a robust model. In the long run, unemployment is correlated with inflation.

What can be concluded from the chart below (which shows inflation versus unemployment rates from 1948 to 2015)? Inflation 121 79 rate 10 8- 6. 4- 2 0. 52 3 51 48 69 68 of 73 Average-5.8% 78 77 -790 71 74 87 86 2.06 76 .81 .75 8 92631 10 9 Unemployment rate In the short run, unemployment is not always correlated with inflation. In the long run, unemployment is not always correlated with inflation. In the short run, unemployment is correlated with inflation. In the long run, the Phillips Curve is a robust model. In the long run, unemployment is correlated with inflation.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2 You run a business selling used hand tools. The rent on your building is $1400/month. Utilities average $600 month. Your average cost to buy your used hand tools from a wholesaler is $9.5/tool. You spend S0.50/tool to package and individually price them. You have two employees in your store during the opening hours that sell the tools. Each employee gets a salary of $12/hour. Your store is open 10 hours/day, every day of the week. Over the course of a year, this averages out to 30 days'month. The average selling price for a used tool is $22. How many tools per month must be sold to make $4000 profit each month.
I got the graph correct, but what am I doing wrong to get the two equ
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Why is it essential to keep a close eye on fixed expenses?
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