A manager needs to monitor:
The Phillips Curve shows an inverse correlation between () and () using data from 1861 - 1958. It implies the Fed could achieve low unemployment at the cost of high inflation.
The Phillips Curve broke down in the 1970s when workers started demanding higher wages expecting higher inflation. Higher wages pushed up the production cost, decreasing production and employment.
Describe major takeaways briefly.
prices of inputs and outputs
It’s easier to pass on costs increases when the following is true:
Describe major takeaways briefly.
Describe major takeaways briefly.
A business for whom raw materials constitute a major cost should hedge against the risk of sharp increases in the price of raw materials by:
Explan each of the following terms in your own words. The author explains the terms in the textbook. If necessary, you may also Google the term on the Web. Good resources include:
Explain the terms in your own words briefly.
Describe the characteristics of the following events briefly.
The author writes the Phillips Curve broke down in the 1970s. Elaborate.