Answer:
affect nominal but not real variables. This view that money is ultimately neutral is consistent with classical theory.
Explanation:
This idea is held by classical economists (not by most economists) since they believe in the quantitative theory of money:
MV = PQ
- M = quantity of money
- V = velocity of money
- P = price level
- Q = quantity of goods
Classical theory was abandoned 90 years ago (according to classical theory, recessions were not possible and couldn't exist, but then the Great Depression came and the impossible became true). Neo-classical or monetarists appeared in the 1960s, and lately, neo-neo-classical appeared with George W. Bush. The problem with the quantitative theory is that it needs the following things to be true in order to hold, and empirical evidence over the last 90 years showed that none of them are true:
- the velocity of money has to be constant (AND IT IS NOT CONSTANT)
- real output is independent on money supply (NOT TRUE)
- causation goes from money to prices (MODERN ECONOMISTS BELIEVE IT IS THE OTHER WAY)
Well, these are the ways u can be productive at a new workplace:
-do the difficult or most important stuff first, then leave the less complicated stuff in the end
-take breaks-sitting 24/7 in ur office desk can be detrimental to ur health-do things u enjoy every one hour or so, such as sipping a black coffee with a light snack or having a quick laugh with ur colleauges, or perhaps u can challenge urself with a game of scrabble. it will change ur life of work struggles and make u mentally and physically happy!!
-don't multitask-u will make ur life more complicated, by completing stuff in a second. don't be paranoid with wotever work u have, the world is not going to end!
-u have innovative thoughts but finding it problematic to execute it? write down some ideas, concepts of how to overcome some work problems or doodle of wot u see ur next digital future like. its not complicated, u just need to be experiment, u never know when a creative idea might rush in.
-i hope i helped:)
Nothing really just the header moves where ever you move it to lol
Answer:
Variable cost per unit= $0.10
Explanation:
Giving the following information:
Cost Machine Hours
March $3,106 15,176
April 2,668 9,558
May 2,892 11,947
June 3,538 17,899
<u>To calculate the variable cost under the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (3,583 - 2,668) / (17,899 - 9,558)
Variable cost per unit= $0.10
