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vazorg [7]
3 years ago
11

"If real money demand doubles while the nominal money supply is unchanged, what happens to the price level?" The price level inc

reases by a factor of four. The price level doubles. The price level is unchanged. The price level falls by one-half

Business
1 answer:
kap26 [50]3 years ago
8 0

Answer:

The price level doubles.

Explanation:

The market for money is like any other market for goods or services, except that in this specific market, the Fed is a monopoly and everyone else are the consumers. If the demand for money increases, while the supply remains the same, the nominal value of money increases (interest rate increases). This combination of higher demand and higher costs increase the inflation rate which represents the general price level.

The inflation rate basically shows us the difference between the demand for money and the supply of money, and if that difference is two times, then the inflation rate will also double. When the inflation rate ,doubles, it means that the general price level doubles.

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In Mesopotamia, the ownership of property and the specialization of trades and crafts made visual identification necessary. Imag
marin [14]

Answer:

Cylinder seals

Explanation:

The human species originated in Africa around 300,000 years ago, but the first civilization that modern archaeologists have discovered was located in Sumer, Mesopotamia, around 10,000 BC.

Mesopotamians invented agriculture, writing, art, culture and trade. One of the ways to control goods produced and traded was to trademark them with cylinder seals specially to mark items on clay. They used clay a lot, for writing, pottery and construction.  

5 0
3 years ago
Read 2 more answers
In a business environment, you need to consider ____ consequences of your communication because anything you write and say may b
liq [111]

Answer:

LEGAL

Explanation:LEGAL CONSEQUENCES these are the outcomes of what ever actions a person or an organization receives due to some initial activities. In making comments or Communications publicly or privately can be tendered as an evidence against you in the Court of Law.

Before making any verbal or written statement it is better to do proper review and ensure it doesn't go against the Law and if sued it should not result in any legal consequences. That is why it is expected that most Organisations have legal unit which help to analysis it publications before making them.

7 0
3 years ago
A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willin
son4ous [18]

Answer:

1.63

Explanation:

The computation of the pricing elasticity of supply using the midpoint method is shown below:

= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity supplied would be

= Q2 - Q1

= 1,100 - 500

= 600

And, the average of quantity supplied is

= (1,100 + 500) ÷ 2

= 800

Change in price would be

= P2 - P1

= $0.80 - $0.50

= $0.30

And, average of price would be

= ($0.80 + $0.50) ÷ 2

= 0.65

So, after solving this, the price elasticity of supply is 1.63

6 0
3 years ago
Suppose the economy had been producing at Natural Real GDP but is now experiencing a recession. Which of the following are discr
RUDIKE [14]

Answer:

Part 1. Additional spending on national park facilities & A tax cut is the answer.

Part 2. Expansionary

Explanation:

The Natural level of real GDP is also associated with the natural rate of unemployment. When the real gdp < natural real gdp, the economy is said to be in a recession. Thus unemplyment rate is> natural rate of unemployment.

Reason is as follows:

A tax cut, depends if its permanent or not (to see the difference between short and long run effects). However, for this scenario, a tax cut should give consumers more disposable income, which would increase consumption, thus increasing total output. The opposit effect would happen for a tax increase. Hence a tax cut is a policy that could bring gdp near natural GDP.

A reduction in government purchases would lower G, which would lower Y too. so all else equal, a reduction in government purchases wouldn't help increase output, rather it may fall instead. So this is not a solution for bringing actual gdp near natural GDP.

Additional spending on national park facilities:- Will increase income of someone or the other and thus would create extra demand . Thus it would give some consumers more disposable income, which would help them increase C, thus would be increasing total output. So this is can be a solution for bringing actual gdp near natural GDP.

7 0
3 years ago
The accounts in the ledger of Hickory Furniture Company as of December 31, 2019, are listed in alphabetical order as follows. Al
deff fn [24]

Answer:

fr3

Explanation:

654

3 0
3 years ago
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