ram.asked me not to stand
Answer:
provisions / accruals
Explanation:
see above in the answer, both mean basically the same but in insurance terms accrual is more correct
Increase in price leads to a decrease in supply.
Answer:
The initial problem of this question is you left out a bunch of context of what you are asking about.
Explanation:
learn how to use this website please.
Answer:
In the simple Keynesian model, inflation becomes a problem only if demand increases at full employment.
Explanation:
In the Keynesian view, price inflation is mainly the result of relative changes in supply and demand, which lead to price changes. Changes in the money supply have no direct influence here. According to this school, the money supply is the result of money creation by the banking system; but this plays only a limited role in the process.
In this vision, a distinction is made between:
-
Demand inflation: Inflation occurs when the aggregated demand for goods and services increases, with an initially constant supply.
-Cost inflation: Inflation occurs if there is a sudden decrease in supply when demand remains the same.
