Answer:
Option (B) is correct.
Explanation:
The quantity theory of money can be expressed in the form of an equation that is
M × V= P × GDP
where,
M = Money supply
V = Velocity of money
P = Price level
GDP = Gross domestic product
P × GDP is the nominal GDP, it is the amount of required for purchasing the total amount of output. All the transactions are depends upon the income level of the consumers at the full-employment level. So, if there is an increase in the money supply, this will results in higher prices which means that an increase in the money supply over the real gross domestic product would cause the inflation.
Increase in the money supply will increase the nominal GDP but real GDP remains the same. But if the growth rate of money supply is equal to the growth rate of real GDP then there will be no inflation and Real GDP remains constant at the full-employment level, hence, its level of volume doesn't increase if the there is an increase in the money supply.
Therefore, increased growth rate of money supply over the real GDP causes inflation.
Answer:
If her purpose was to rehabilitate Sam so that the community would benefit by removing his need to commit crimes, this would be consistent with the idea of: Community based program such as Prisoner Reentry Initiative (PRI).
Explanation:
in 2004, US congress enacted the Prisoners Reentry Initiative (PRI). The program was managed by the Department of Labor,a sum of $300 million dollar was voted for to execute the project which includes transitional housing, job training and job placement for convicted criminals.
This initiative also incorporates the use of peer mentoring and faith based interventions to help with the transition from prison to the community.
mental health services, substance abuse treatment and skill acquisition programs was also introduced.
This idea stems from the belief that external factors can also affect a persons behavioral pattern.
This initiative was found to be effective as it was truly devoted to meeting the need of individuals and impacting the community in general.
Answer:
B.Dependent care plans can only be used to cover the costs of caring for a dependent child
Explanation:
Dependent Care with the high cost of child care these days a Dependent Care Account makes it easy to save on taxes.
If the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.
Given that bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20%.
Required reserve ratio is basically a percentage of deposits to be kept by the bank with them.
We are required to find the find the bank's reserve position.
Bank's reserves=$1000000.
Checking deposits=$3000000
Required reserve ratio=20%
Reserves required according to the checking deposits=3000000*20%
=$600000
Actual reserves=$1000000
Excess reserves=Actual reserves -Reserves required
Excess reserves=1000000-600000
Excess reserves=$400000
Hence if the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.
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