Answer:
Real GDP growth increases only in the short run, and the inflation rate increases in both the short run and the long run.
Explanation:
An increase in the growth rate of money supply will result in an increase in inflation in both the short run and the long run.
Long run growth of the real GDP growth depends on the effective use of resources and technology, not the money supply.
A small increase in the money supply is always needed to support economic growth, that is why one of the few ideas that most economists agree upon is that the inflation rate should be between 1.5 - 2% per year.
A revenue tariff is a tax applied to increase the revenue(money brought in) of an economy. Usually occurs in business. For example, oil that is imported or exported from the US is a revenue tariff.
DECA stands for Distributive Education Clubs of America and it is a CTSO (Career and Technical Student Organization). A CTSO’s purpose is to provide co-curricular opportunities for students to receive career and technical education support to enhance their learning experience. DECA specifically focuses on preparing students in four career clusters: Business Management & Administration, Finance, Hospitality & Tourism, and Marketing.
Thus, the answer to the question is marketing students.
By selling christmas trees from late november through december, home improvement is providing time utility.
This type of utility occurs when a company provides goods and services when consumers demand or need them. Companies analyze how to create or maximize the time utility of their products and adjust their production process, logistical planning of manufacturing, and delivery.
So when demand increases, the company should respond by producing and delivering more of the product to the market.
Economic utility is the total amount of satisfaction experienced when a product or service is consumed.
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