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if there is more productivity, the average cost to make a unit gets lower, and as a result the price is decreased. Therefore, it can be said that productivity gains help to curb inflation since inflation takes place when prices rise.
What is written here has a high degree of truth, but remember, the fish net is still filled with inflated dollars and the indention will either be light or short in time.
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Productivity measures such as output per worker-hour and wage rates adjusted for inflation in the US are?
Productivity measures (such as output per worker-hour) and wage rates adjusted for inflation in the United States are:
What will be the result of a decline in the nations rate of productivity growth?
Reduce the inflation rate
What happened to the economy during stagflation?
Higher rates of inflation, decrease in business productivity, high unemployment
What is credited with gains in industrial productivity increased standards of living and affordable products?
internet
Economic productivity has declined in some countries as a result of what?
Economic productivity has declined in some countries due to low demand and increase in the rate of Inflation.
Productivity measures such as output per worker-hour and wage rates adjusted for inflation in the US are?
Productivity measures (such as output per worker-hour) and wage rates adjusted for inflation in the United States are:
What will be the result of a decline in the nations rate of productivity growth?
Reduce the inflation rate
What are some long term remedies to cure inflation?
long-term productivity...
What happened to the economy during stagflation?
Higher rates of inflation, decrease in business productivity, high unemployment
Who has benefited from from the productivity gain in whirlpool?
Everybody have benefited the productivity gains in whirlpool. The workers and the management, the company and the stockholders as well as the customers.
What is credited with gains in industrial productivity increased standards of living and affordable products?
internet
Economic productivity has declined in some countries as a result of what?
Economic productivity has declined in some countries due to low demand and increase in the rate of Inflation.
What happened to economy during stagflation?
Higher rates of inflation, decrease in business productivity, high unemployment
What is the relationship between interest rates and inflation?
Interest rates and inflation have an inverse relationship. When inflation is high, central banks typically raise interest rates to curb spending and reduce inflation. Conversely, when inflation is low, central banks may lower interest rates to stimulate spending and boost economic growth.
Who gains in inflation?
Debtors gain in the short term as they can repay the load with inflated currancy that is worth less.
What were the two key things that whirlpool management achieve productivity gains?
Whirlpool achieved increased productivity by changing the production process and by teaching its workers to improve quality.
What was a key element of Reagans plan to meet the economic crisis in 1981?
raising interest rates to curb inflation
