<span>The term "monetary policy" refers to what the Federal Reserve, the nation's central bank, does to influence the amount of money and credit in the U.S. economy. What happens to money and credit affects interest rates (the cost of credit) and the performance of the U.S. economy.</span>
Consumption consists of spending by households on goods and services, with the exception of purchases of new housing
Answer:
A. Comcast should produce 6 units in the short run and shut down in the long run.
Explanation:
Comcast in operating cable business. The government of Philadelphia has imposed a tax of $99 every month. Comcast should produce 6 units in the short run. This will minimize it total cost and the company will be able to continue its operation in the short run. If the taxes persist in the long run then the company will go towards shut down.
Democracy have a broad appeal as the political system around the world because it gives the citizen more power to select their representatives exercising their votes.
Explanation:
The meaning of democracy is a form of government which is selected by the citizens of that country. Democracy gives power to the people in the form of votes through which they can elect their representatives to whom they find eligible or suitable to run a particular area, state and country.
This type of government works for the people for their betterment and development because the selected candidates know that they can be eliminated after a certain time if they wouldn't work according to citizen's preferences.
Answer:
Real GDP (2014 price) = $ 250
Explanation:
GDP is the total value (PxQ) of goods & services, produced by an economy during a period of time. Real GDP is the value at constant base year prices.
Given [2015] : Fish Quantity = 5 , Computer Chip Quantity = 20
Base Year [2014] price : Fish = $10 , Computer Chip = $10
2015 Real GDP at 2014 base year price = Price 2014 x Quantity 2015
= (Fish PXQ) + (Computer Chip PXQ)
= (10 x 5) + (10 x 20)
= 50 + 200
= $ 250
