Restatements of law can best be described as summaries of common law rules in a particular area of the law that have been enacted by most states.
Restatements are summaries that attempt to restate specific common law rules in light of their applicability in a particular area of interest. Restatements are always secondary sources of law that judges refer to. The American Law Institute (ALI) draughts restatements for the 15 areas where common law will apply, including Torts, Contracts, Property, Conflict of Laws, Foreign Relations Law, and Products Liability. They attempt to "restate" the legal rules that comprise common law in a specific legal area into a set of principles. They are produced by the American Legal Institute (ALI), a 1923 organisation comprised of prominent judges, lawyers, and scholars.
Learn more about Restatements here:
https://brainly.com/question/15263308
#SPJ4
Cara plans to deposit $1,000 at the end of years 4, 5, 6, 7, 8, 9 and 10 into an account that pays interest of 8.25 percent p.a. If these are the only deposits that Cara makes into the account, and if Cara does not withdraw any money from the account, how much money will Cara have in her account exactly 20 years from today? 1) $16,079,67 2) $43,180.79 3) $35,526.81 4) $19,865.75 5) $24.669.55
The answer is option 3. Cara will have $35,526.81 in her account exactly 20 years from today.
To solve this problem, we can use the formula for the future value of an annuity:
FV = PMT x [(1 + r)^n - 1] / r
Where, FV = future value,
PMT= regular deposit amount,
r = interest rate per period (in this case, per year), and
n = number of periods.
In this case,
PMT = $1,000, r = 8.25% = 0.0825, and
n = 7 (since there are 7 deposits).
We can use this formula to calculate the total amount of money that Cara will have after 10 years:
FV1 = $1,000 x [(1 + 0.0825)^7 - 1] / 0.0825
FV1 = $10,424.87
Now,
we can use the formula for the future value of a lump sum to calculate the value of this amount after another 10 years:
FV2 = $10,424.87 x (1 + 0.0825)^10
FV2 = $35,526.81
Therefore,
Cara will have $35,526.81 in her account exactly 20 years from today.
To know more about account, click here:
https://brainly.com/question/22917325
#SPJ11
On August 22, Year 4, Martha purchases a computer to use in her childcare business. She sells the computer on December 28, Year 4, for $2,000 when the machine has an adjusted tax basis of $1,700. What is the amount and character of the gain on the sale
The amount is $300 and character of the gain on the sale is ordinary income.
Ordinary income
Using this formula
Gain on the sale=Cost of computer -Adjusted tax basis
Let plug in the formula
Gain on the sale=$2,000-$1,700
Gain on the sale=$300 (ordinary income)
Therefore the amount is $300 and character of the gain on the sale is ordinary income.
Learn more about Ordinary income here:https://brainly.com/question/13793671
#SPJ1
Why miscommunication and misunderstanding happen
Answer:
misunderstanding happens due to the distance . misunderstanding happen due to lack of time to solve problem . misunderstanding happens due to third person between two persons . misunderstanding happens due to the virtual world .
When lifting, you should use what part of your body to do most of the lifting?
Thighs, upper arms, and shoulders. Most are legs.
Answer:
You should use your legs to do most of the lifting
Explanation:
Your legs are many times stronger than your back muscles. Let your strength work in your favor. Again, lower yourself to the ground by bending your knees, not your back.
_____ encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.
They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.
Learn more about Affective commitment here:
https://brainly.com/question/31578798
#SPJ4
Type the correct answer in the box. Spell all words correctly.
Which type of facility layout groups similar machines together so that they carry out specific functions?
In the case of a (blank) layout, similar machines are grouped together to carry out specific functions.
Answer:
A process layout groups similar activities together according to the functions they perform.
Explanation:
Answer:
process
Explanation:
Plato/Edmentum
Give an example for each of the following types of transactions:
1. Increase in one asset, decrease in another asset
2. Inerease in asset, increase in liability.
3. Inerease in asset, increase in owner's capital
Answer:A)Increase in one asset, decrease in another asset.- purchase of machinery in cash . ie. increase in asset and decrease in cash
B)Increase in asset, increase in liability - purchase goods on credit ie. increase in stock and increase in creditors
C)Increase in asset, increase in owner's capital -issue of shares ie. increase in share capital and increase in cash .
D)Decrease in asset, decrease in liability -Payment to creditors ie, decrease in cash and decrease in creditors
E)Decrease in asset, decrease in owner's capital- drawings (withdrawn by partners ) ie, decrease in capital ad decrease in cash
F)Increase in one liability, decrease in another liability- Bills Payable issued to Creditors.ie., This will reduce one liability (Creditors) on the one hand and increase another liability (Bills Payable) on the other hand.
G)Increase in liability, decrease in owner's capital - Conversion of share capital into debentures.ie, increase in debentures and decrease in share capital .
H)Decrease in liability, increase in owner's capital.-Conversion of debentures into shares.,ie. increase in share capital and decrease in debenture (long term liability )
Read more on Brainly.in - https://brainly.in/question/4276642#readmore
Explanation:
How does the speaker apply the scientific method to marketing? Explain.
How does the speaker apply entropy to marketing? Explain.
In what way does the speaker say marketing has changed in the last 20 years? Does he believe this is a positive or negative change? Explain.
30 Points
Answer:
How does the speaker apply the scientific method to marketing? Explain.
He says that 1 bad week of marketing or a screwup can corrupt the whole company and make the overall image of the company a bad one. He compares this with science by saying that one bad data point can ruin your whole hypothesis or theory,
How does the speaker apply entropy to marketing? Explain.
"This says that entropy, which is a measure of the disorder of a system, will always increase. The same is true of marketing. If we go back 20 years, the one message pretty much controlled by one marketing manager could pretty much define a brand. But where we are today, things have changed. You can get a strong brand image or a message and put it out there like the Conservative Party did earlier this year with their election poster. But then you lose control of it." He is basically saying that the situation will get worse and worse over time if you don't fix the situation. He applies this to marketing by saying that you can have a strong image at the beginning but if you do not maintain it then it will only get worse and worse over time.
In what way does the speaker say marketing has changed in the last 20 years? Does he believe this is a positive or negative change? Explain.
It doesn't seem like he thinks that it improved or got worse. He made it seem like we have to adapt more to the situation that we may find ourselves in when it comes to marketing. He is definitely more on the positive side though.
Explanation:
Select two learning styles from the following list. Describe ways in which each of the two learning styles prefer to learn. Bodily/kinesthetic, interpersonal, intrapersonal, logical/mathematical, naturalistic, rhythmic/musical, verbal/linguistic.
Answer:
interpersonal
positive behaviors used when interacting with others
intrapersonal
relationship with self
Explanation:
I really don't have an explanation sorry
A program is a: Group of answer choices Group of related projects managed in a coordinated way Sequence of steps constituting a project Project with a cost over $1 million Grouping of related tasks lasting one year or less
A program is a group of related projects managed in a coordinated way. It involves multiple projects that are interconnected and aligned towards achieving a common goal or strategic objective and hence A is the correct answer.
Programs are often implemented to address complex initiatives that cannot be accomplished through individual projects alone.
In a program, the projects are interdependent and share common resources, goals, and stakeholders.
The program manager oversees the overall program, ensuring that the projects are effectively coordinated, integrated, and delivered in alignment with the program's objectives. They monitor the progress of individual projects, manage dependencies, and make strategic decisions to optimize the overall outcome.
The program approach provides several advantages over managing projects independently. It allows for better resource allocation, risk management, and overall efficiency.
It also enables a holistic view of the interconnected projects, promoting better communication and collaboration among project teams.
The scope of a program can vary widely, ranging from small-scale initiatives to large-scale endeavors spanning multiple organizations or sectors. The size, complexity, and strategic importance of the projects within a program determine its scale and significance.
Learn more about communication from the given link!
https://brainly.com/question/1285845
#SPJ11
Explain the importance of denists and physiotherapists
Explanation:
physiotherapists help people affected by injury, illness or disability through movement and exercise, manual therapy, education and advice. They maintain health for people of all ages, helping patients to manage pain and prevent disease.
dentistry is important to maintaining the health of your smile as well as your overall health. Unaddressed tooth decay or gum disease can lead to infections and other conditions that can put your entire body at risk for health issues.
if my answer helps you than mark me as brainliest
Answer:
The physiotherapist is important because they can revive the disfunctional human organs through regular therapy.
Dentist is important because they deal with diverse dental problems and diseases and human teeth are very important organ.
Explanation:
I hope my answer helped you:)
What were the major impacts of Covid-19 on the economy of
Pacific Country (Kiribati and RMI) AND Caribbean/West Indies
Country (antigua and barbuda)?
The economies of Kiribati, the Republic of the Marshall Islands (RMI), and Antigua and Barbuda in the Caribbean/West Indies were heavily impacted by COVID-19.
An important source of income for these nations, tourism, saw a sharp decline. Travel restrictions had a negative impact on the economy, reduced income and reduced tax revenue. Additionally, remittances from foreign workers fell further taxing the economies. Global supply chain disruptions and a decline in demand caused trade and exports to be disrupted.
As they had to provide support make investments in healthcare and stimulus programs, governments faced fiscal deficits and rising debt. The fields of social and human development such as education and medicine were also impacted.
Learn more about fiscal deficits at:
brainly.com/question/32151053
#SPJ4
document creation is a key business function because
Document creation is a key business function because it is essential for managing, archiving, and sharing important information.
Documents play an important role in business today, from managing customer records and sales invoices to tracking employee activities, to creating contracts and agreements. Documents are used for a variety of purposes, such as providing evidence of compliance with government regulations, facilitating communication between different departments, and forming a basis for decision-making.
The ability to create, edit, and store documents is a key part of any business’s operations. Document creation can help streamline processes, increase efficiency, and improve customer service. It can also help organizations save money by reducing the amount of manual labor required to perform tasks. Additionally, document creation can help ensure accuracy and consistency in the data that an organization stores and processes.
Finally, document creation is an important tool for creating accountability within an organization. By having an accurate record of all the activities and operations of an organization, it is easier to track progress, measure performance, and identify potential areas of improvement. This can help ensure that the organization is operating most efficiently and effectively as possible.
Learn more about document creation:
brainly.com/question/5527348
If any body wants to be doctor ; what else does he need to do?
Answer:
go to med school
Explanation:
.........
why is maximum number of person in partnership business mentioned in companies act and not in partnership act
The Companies Act and the Partnership Act are two different laws that govern different types of businesses.
The companies act and partnership act-The Companies Act governs companies, which are separate legal entities from their owners, while the Partnership Act governs partnerships, which are not separate legal entities from their owners.
The maximum number of persons in a partnership business is not mentioned in the Partnership Act because there is no limit to the number of partners a partnership can have. However, the Companies Act limits the number of members in certain types of companies, such as private companies, to a maximum of 200 members. This is because companies are separate legal entities and the law seeks to regulate their operations to ensure that they operate in a manner that is fair and transparent to all members.
To know more about the partnership act -
https://brainly.com/question/994016
#SPJ1
How does division of labor affect the final product?
A. lower price, lower quality
B. lower price, higher quality
C. higher price, lower quality
D. higher price, higher quality
The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue. Employees are a little resistant to his plan. What is one way he can persuade them that this is a good idea?
Answer:
Document ways diversity played a crucial role for business in the past
Explanation:
River rafting refers to the activity of moving quickly in a small boat along rivers
The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue.
But the employees are a little resistant to his plan.
For this document ways, diversity has played a crucial role in business in the past.
So, he can follow such ways.
Maria deposits her paycheck each week in a checking account. She plans to buy a car in the next year, so she decides to start saving $100 each month to pay for it. She does not want to have to remember to make that deposit each month. What savings instruments could help Maria reach her goal? Check all that apply. Series I savings bonds Series EE savings bonds a regular savings account a 24-month certificate of deposit a money market account with a $100 minimum deposit
Answer:
a regular saving accounts
a money market account with a $100 minimum deposit
Explanation:
i got right
Maria deposits her paycheck each week in a checking account. She plans to buy a car in the next year, so she decides to start saving $100 each month to pay for it. She does not want to have to remember to make that deposit each month. Savings instruments could help Maria reach her goal are -
A regular savings account a 24-month certificate of depositA money market account with a $100 minimum depositWhat is deposit?Deposit is a sum of money paid into a bank or building society account.
What is a paycheck?Paycheck is a salary or wages cheque made out to an employee.
What are savings?Savings are income not spent, or deferred consumption.
To learn more about deposits and savings refer
https://brainly.com/question/13198330
#SPJ2
Discussion 1
In Lesson 1 and Lesson 2, you learned that price elasticities of
demand and supply are important for understanding the response of
consumers and producers to changing demand and supply co
Lesson 1 and Lesson 2 indeed emphasized the significance of price elasticities of demand and supply in analyzing the reactions of consumers and producers to fluctuations in demand and supply conditions.
Price elasticity of demand measures the responsiveness of the quantity demanded to changes in the price of a product. It indicates how sensitive consumers are to price changes. If demand is elastic, a small change in price will result in a relatively large change in quantity demanded. On the other hand, if demand is inelastic, quantity demanded will change minimally in response to price variations.
Understanding the price elasticity of demand helps businesses determine the potential impact of price changes on their sales revenue. For example, if demand is elastic, a price decrease may lead to a substantial increase in quantity demanded, thereby boosting total revenue. Conversely, a price increase in elastic demand may result in a significant decline in quantity demanded and lower revenue.
Price elasticity of supply, on the other hand, measures the responsiveness of the quantity supplied to changes in the price of a product. It indicates how sensitive producers are to price changes. If supply is elastic, a small change in price will cause a relatively large change in quantity supplied. In the case of inelastic supply, quantity supplied will change minimally in response to price fluctuations.
Understanding the price elasticity of supply helps businesses assess their ability to respond to changes in demand. If supply is elastic, producers can increase output significantly when prices rise, which helps stabilize prices. In contrast, if supply is inelastic, producers may struggle to increase output, resulting in price spikes during periods of increased demand.
Overall, price elasticities of demand and supply provide crucial insights into the dynamics of markets and help businesses make informed decisions about pricing, production levels, and market strategies.
To learn more about fluctuations: click here
https://brainly.com/question/27419417?
#SPJ11
Company Z understands that their business is at risk. How can they use step two in the Decision-Making Process to reach their end goal of increasing sales and customer satisfaction?
Answer:
I have no clue
Explanation:
I need to answer something bc I'm new sorry
Answer:
Company Z can list the options on how to increase sales and make their business profit again. Some available options that can be listed are responding quickly to customer concerns instead of making them wait a long time, finding a way to have better parking, and to lower their overall prices when selling their products to customers.
Explanation:
For part a you are supposed to state what problems Company Z are having with their company, and if you look at the five steps, the next step for part b is to list some solutions to fix these problems. I hope this helps clarify part b a little bit!
The five steps are:
State the problem
List the options
Determine the pros and cons
Choose the best option
Evaluate the decision/choice
During her lunch break one afternoon, alison set a goal of completing all required trainings in the next 90 days by taking two trainings a week. What is she doing?.
She is planning
Planning strategically. Strategic plans are all about the reasons why certain things must occur, according to Story.Planning for contingencies and tactical actions
What are the initial three steps in a proper organization's planning process?It's crucial to review key measures that will position you and your business for success before you start the strategic planning process.
Decide on your strategic stance.Set priorities for your goals.Create a plan, then carry it out and manage it.Examine and update the plan.Types of planning
operational, preparation, Motivational speaker for CEOs Mack Story stated on LinkedIn that operational strategies are about how things should proceed. ...
Planning strategically. Strategic plans are all about the reasons why certain things must occur, according to Story.Planning for contingencies and tactical actions
To learn more about Planning refer to:
https://brainly.com/question/25453419
#SPJ4
If you hold a personal value of being thrifty, then you probably will have a positive __________ toward automobiles with good fuel economy.
An individual is more likely to have a favorable attitude or opinion toward vehicles with superior fuel economy if they personally value saving money.
This is because being thrifty involves being careful with money and resources, and choosing to purchase a vehicle with good fuel economy aligns with this value. The individual may see such a vehicle as an economically wise choice that will help them save money on fuel expenses in the long run.
Therefore, their personal value of thriftiness may influence their attitudes and behavior towards purchasing a car with good fuel economy.
Learn more about fuel economy
https://brainly.com/question/24506260
#SPJ4
a differential analysis is useful for all of the following decisions except a.making or buying a component part. b.accepting additional business at a special price. c.discontinuing a segment or product. d.none of these choices are correct.
A differential analysis is useful for all of the following decisions except d.none of these choices are correct.
What is differential analysis?Differential analysis can be described as the decision-making technique which is been used in the process of examination of the benefits and costs associated with each of two terms as well as the comparison of the the net results of the two.
It should be noted that the alternative selected can be regardecas the one that is mostly favorable , hence it focuse on the future costs and benefits that differ between the alternatives.
Therefore, option D is correct.
Learn more about the differential analysis here:
https://brainly.com/question/14760713
#SPJ1
economics is the study of the people make to attain their goals, given their resources.
a. true
b. false
b. false Economics is the study of how individuals, households, firms, and societies allocate scarce resources to satisfy their unlimited wants and needs. It involves the analysis of production, distribution, and consumption of goods and services.
Economics focuses on understanding how individuals and societies make choices to allocate resources efficiently and effectively to achieve their goals. While goals and resource allocation are important components of economics, it is not limited to just that. Economics also encompasses the study of market behavior, price determination, economic systems, government policies, and the overall functioning of the economy. It is a broad field that examines various aspects of human behavior and decision-making in relation to the allocation of resources. It involves the analysis of production.
learn more about resources here:
https://brainly.com/question/32623696
#SPJ11
An advertiser with stores throughout the country could use Location Extension Targeting to:
A) Target users in the same way across all of their locations
B) Target users who are within 10 miles of one particular city in the country
C) Target users who are within 20 miles of one particular city in the country
D) Decrease bid by 50% for users who are within 10 miles of their stores
An advertiser with stores throughout the country could use Location Extension Targeting to target users who are within a certain radius of their store locations. This means that the correct answer would be option C. Depending on the advertiser's preference, they could choose to target users within 20 miles of one particular city where they have a store location.
By using Location Extension Targeting, the advertiser can reach potential customers who are likely to be interested in their products or services and are also geographically close to their stores. This targeting approach can help the advertiser increase foot traffic to their stores and drive sales.
It's important to note that Location Extension Targeting doesn't allow advertisers to target users in the same way across all of their locations. Each store location would need to be set up as a separate location target in the advertiser's account.
Finally, Location Extension Targeting doesn't allow advertisers to decrease their bids by a certain percentage for users who are within a certain distance of their stores. Instead, advertisers can adjust their bids based on various factors such as location, device, and time of day to ensure they're reaching their target audience effectively.
Overall, Location Extension Targeting is a powerful tool for advertisers with physical store locations as it enables them to reach potential customers who are geographically close to their stores and increase foot traffic.
Learn more about Location Extension Targeting, below:
https://brainly.com/question/30271772
#SPJ11
Firms that carry preferred stock in their capital mix want to not only distribute dividends to common stockholders but also maintain credibility in the capital markets so that they can raise additional funds in the future and avoid potential corporate raids from preferred stockholders Consider the case of Peaceful Book Binding Company: Ten years ago, Peaceful Book Binding Company issued a perpetual preferred stock issue-called PS Alpha-that pays a fixed dividend of $6. 50 per share and currently sells for $100 per share. Peaceful Book's management team is considering issuing a second issue of perpetual preferred stock. If the new issue tentatively called PS Beta-is actually sold, the company will incur an underwriting (or flotation) cost of 4. 50%. In addition, the underwriters are anticipating the need to pay a dividend of $17. 50 per share to attract new investors, and is expecting to sell the new shares for $99. 00 per share. As a component in Peaceful Book's weighted average cost of capital, PS Alpha shares currently exhibit a cost of: 4. 88% 6. 18% 6. 83% 6. 50%
Peaceful Book Binding Company is considering issuing a second perpetual preferred stock issue, called PS Beta which is 6.50%.
The company's management team aims to not only distribute dividends to common stockholders but also maintain credibility in the capital markets to raise additional funds in the future and avoid potential corporate raids from preferred stockholders.
The new PS Beta issue has a fixed dividend of $17.50 per share and is expected to sell for $99.00 per share. The underwriting cost associated with this new issue is 4.50%. In terms of Peaceful Book's weighted average cost of capital, the current cost of PS Alpha shares is 6.50%.
To calculate the cost of the new PS Beta shares, we need to take into account the underwriting cost and the dividend paid to attract new investors. The total cost of issuing PS Beta shares is calculated as follows:
Total Cost = (Dividend/Issue Price) + Underwriting Cost
Total Cost = ($17.50/$99.00) + 4.50%
Total Cost = 0.1768 + 4.50%
Total Cost = 4.6768%
Therefore, the cost of the new PS Beta shares is 4.68%. It is lower than the cost of PS Alpha shares, which is 6.50%. This means that the company can use PS Beta to raise additional funds at a lower cost than its existing preferred stock. However, it is important to note that the cost of issuing PS Beta shares is higher than the current risk-free rate, and the company needs to consider whether the cost is justified based on its future growth and profitability prospects.
Learn more about stockholders here:
https://brainly.com/question/18523103
#SPJ11
does anyone have a way or trick on using like blocked websites on a school chromebook?
Assume that you and your best friend each have $1000 to invest. You invest your money in a fund that pays 10% per year compound interest. Your friend invests her money at a bank that pays 10% per year simple interest. At the end of 1 year, the difference in the total amount for each of you is:.
You invest $1000 in a fund that pays 10% per year compound interest. At the end of the first year the difference in total amount of your money and her money is zero. However, after 1 year you will have more money than her.
The formula for the future value of simple interest is:
FV = PV (1 + r . n)
While the formula for the future value of compound interest is:
FV = PV (1 + r)ⁿ
Where:
PV = present value = $1000
r = interest rate per period
n = number of periods
Because it is not mentioned, let's assume that it is compounded annually.
Hence, the interest per period is the same for both simple and compound interest:
r = 10% = 0.1
n = 1
Therefore,
FV (simple interest) = 1000 (1 + 0.1 x 1) = 1000 x 1.1 = 1,100
FV (compound interest) = 1000 (1 + 0.1)¹ = 1000 x 1.1 = 1,100
Hence, at the end of the first year the future value for both accounts are the same and the difference is zero. However, after the first year, the account with compounded interest has greater amount.
Learn more about interest here:
https://brainly.com/question/25793394
#SPJ4
The idea of getting the right ad, at the right time, for the right user, in the moment when he or she is most interested in that topic is the key to the success of _____________.
radio advertising
television commercials
search advertising
newspaper advertising
The correct answer for the statement "The idea of getting the right ad, at the right time, for the right user, in the moment when he or she is most interested in that topic is the key to the success of" is search advertising.
Search advertising is a type of online advertising where ads are placed on search engine results pages based on specific keywords or phrases that users search for. When a user enters a search query, relevant ads appear alongside the search results, increasing the likelihood that the user will click on the ad and visit the advertiser's website.
The success of search advertising relies on the ability to target the right audience with the right message at the right time. By targeting users based on their search queries, advertisers can reach potential customers who are actively searching for products or services like theirs. This makes search advertising highly effective at driving conversions and generating a strong return on investment.
Furthermore, search advertising allows for precise targeting options such as location, device, time of day, and audience demographics. This means that advertisers can ensure their ads are only shown to users who are most likely to be interested in their product or service. This level of targeting, combined with the ability to track and measure the success of campaigns, makes search advertising a powerful tool for businesses looking to grow their online presence and drive sales.
Therefore, the idea of getting the right ad, at the right time, for the right user, in the moment when he or she is most interested in that topic is the key to the success of search advertising.
for more such question on advertising
https://brainly.com/question/30185874
#SPJ11
Which of the following helps to explain why the "inflation fallacy" is a fallacy? a. As the price level rises, the value of a dollar falls. b. Increases in the price level can be created by increases in money demand. c. Inflation only changes real variables. d. Nominal incomes tend to rise at the same time that the price level is rising, leaving real income unchanged
The correct answer is (d) Nominal incomes tend to rise at the same time that the price level is rising, leaving real income unchanged.The "inflation fallacy" refers to the idea that people often believe that inflation necessarily leads to a decrease in real income.
However, this is not necessarily the case. In reality, as the price level rises, nominal incomes also tend to rise, leaving real income unchanged.For example, suppose that a person's nominal income is $50,000 in Year 1, and the price level is 100. In Year 2, the price level rises to 110. If the person's nominal income also rises to $55,000, then their real income has not changed, because the increase in their nominal income exactly offsets the increase in the price level.Therefore, while inflation does lead to a decrease in the purchasing power of money, it does not necessarily lead to a decrease in real income.
Learn more about inflation here
https://brainly.com/question/777738
#SPJ11