Which of the following would cause the supply of pesos to decrease, ceteris paribus? Ford opens automobile assembly plant in Mex
1 answer:
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Answer: The price level falls and output rises.
Explanation:
According to Moore's law, it is stated that the computing speed of a microchip doubles every 18 months. According to Moore, this will increase thespeed and capability of computers and also bring about lesser pay for the computers.
The effect of this on the economy is that it will lead to a fall in price level and increase in output as there will be faster and cheaper production. This can be shown in the diagram attached.
Answer:
$241
Explanation:
Of the six month tenor of the note, the period that falls into 2017 is 2 months (that is, November 1 to December 31). In addition, by default, interest rates are stated on an annual basis except indicated otherwise. Therefore, it is assumed that 8.5% rate indicated in the question is an annual rate.
The computation of the interest that falls into 2017 is as follows:
=
= $17,000 * 8.5% * 2/12
= $240.83
= approx. $241.