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olga2289 [7]
3 years ago
13

Adam is an economist who believes that in the long run, all prices are flexible and that any increase in the money supply will l

ead only to inflation, not an increase in aggregate output. Because the economy would self-correct to long-run equilibrium output, there is no role for either fiscal or monetary policy. Adam is best described as a _____.
A. supply-side economistB. Keynesian economistC. classical economistD. monetarist
Business
1 answer:
ikadub [295]3 years ago
5 0

Answer:

The correct answer is C. classical economist.

Explanation:

Classical economics reoriented economic thinking away from the approach that was based on the preferences of rulers or social classes. The classics emphasized the benefits of free trade and developed an organized analysis of the value of goods and services as a reflection of their cost of production.

Classical economists opposed government intervention in the market through price controls, fees, regulations or any other mechanism that altered its normal functioning.

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Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.5% in Germany. I
Marianna [84]

Answer: 1.356345

Explanation:

Based on the scenario and information provided in the question, the 90-day forward rate will be calculated as:

= Spot Rate × (1 + Germany Interest Rate) / (1 + United States Interest Rate)

= 1.35 × (1 + 6.5%) / (1 + 6%)

= 1.35 × (1 + 0.065) / (1 + 0.06)

= 1.35 × 1.065/1.06

= 1.35 × 1.0047

= 1.356345

3 0
3 years ago
One reason buy a home instead of rent a home is
xxTIMURxx [149]
<span>By renting a home instead of purchasing one, you are paying someone else's mortgage every month and getting nothing in return. While you are gaining a home to live in for the short term, in the long term you will gain nothing. When you purchase a home you will have a home that you own and that you cannot be evicted from as long as you pay your mortgage.</span>
4 0
3 years ago
Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. Fo
Olin [163]

Answer:

Inventory records

Explanation:

Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. For example, inventory records are more accurate and timely, enabling sales order entry staff to provide customers more accurate information about delivery dates.

Systems Enterprise Resource Planning (ERP) information systems that integrate applications to manage all departments and functions of as production, sales, purchasing, logistics, accounting, project management, and inventory control warehouses, orders, payroll, etc.

Legacy systems can be difficult to integrate in a newer system because of their unique structure.

7 0
3 years ago
#7. Which is the most likely scenario in which someone would take out a short-term loan with a bank?
3241004551 [841]
Since it is a short term loan, it wouldn't be a second home or a car, because those are paid for over the course of YEARS.
A skateboard is usually ~100$ and doesn't need a loan. 

Your answer is C) To pay for credit card debt
6 0
3 years ago
What do economies of scale, the ownership of essential raw materials, and patents have in common?
allsm [11]

Answer:

They all are barriers to entry.

Explanation:

For an imperfectly competitive firm: the marginal revenue curve lies below the demand curve because any reduction in price applies to all units sold.

6 0
3 years ago
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