Answer:
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Answer:
Take a credit facility and do an insurance cover.
Explanation:
In order to meet your monthly financial commitments, you can seek for upfront credit facility through your organization if such provisions exist or ask for a salary loan which can be deducted from source (Salary).
To prepare for similar unfortunate incidence in the future, it will be important to secure a life and health insurance cover either through your organization or on an individual basis.
Answer:
Algorithm II uses a heuristic approach to provide an approximate solution in reasonable time.
Explanation:
Answer:
1. Stagflation.
2. $110;$110
Explanation:
Stagflation can be defined as a short-run economic outcome resulting from the increase in production costs.
Supposing the government decides not to take any action in response to the short-run economic impact of the higher oil prices. In the long run, when the government does nothing, the output in the economy will be $110billion and the price level will be $110.
Hence, resulting in an equilibrium price in the economy.