Actually, an increase in inflation is likely to mean a rise in the cost of raw materials. Perhaps, workers are likely to demand higher wages to cover or cope with the higher cost of daily living. This rise in prices can also cause greater volatility and uncertainty. With firms uncertain about future costs, they may hold back from making investment decisions. Firms generally prefer a low and stable inflation rate. Also, with a inflation rate, firms may expect rising interest rates, which will increase cost of borrowing – another reason to hold back on investment. With higher inflation, firms may face menu costs (the cost of changing and updating prices). However, with modern technology this cost has diminished in importance – as it is easier for firms to update prices automatically.
The answer is A. The event was of import historical relevance today
The first picture shows us that something important is happening. The second picture shows you a cathedral. The third picture shows you a memorial. So the memorial was placed because of a historical event that was important.
With these services, people had an easy access to transportation and communication with other areas.
Henry Morrison Flagler made great efforts to extend the rail road services during the time period of 1800s. With the efforts made in this area, there was an easy access to transportation for the people and helped them to move from one place to another. This also came as an advantage for the businesses to move goods to the market. It also helped to increase the tourism in that time.