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Alchen [17]
3 years ago
11

The monetary base and the money supply are expected to grow at a constant rate of 20% per year. Inflation and expected inflation

are 20% per year. Suppose that bank reserves and currency pay no interest, all currency is held by the public, and bank deposits pay no interest. What is the cost to the public of the inflation tax?

Business
1 answer:
kenny6666 [7]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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A Panasonic GH5 Mark
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3 years ago
Read 2 more answers
D
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Answer:

income - expenses

Explanation:

net income is an entity's income minus all the expenses, taxes etc and net worth is the total wealth own by individual minus expenses.

3 0
2 years ago
If something happens to alter the quantity supplied at any given price, then.
morpeh [17]

Change in quantity supply will lead to a shift in supply curve.

<h3>What is change in supply?</h3>

Change in supply lead to a shift in the supply curve either to the left or right.

This occur in the price to quantity relationship which defines a supply curve.

This change often makes the supply curve becomes steeper and flatter.

Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.

Learn more on supply curve here,

brainly.com/question/1456933

3 0
1 year ago
ou plan to deposit $5,900 at the end of each of the next 20 years into an account paying 10.8 percent interest. a. How much will
Furkat [3]

Answer:

$326,622.73

Explanation:

Calculation to determine How much will you have in your account if you make deposits for 20 years

Using this formula

Future value = Annuity × {( 1 + interest rate) ^ time period - 1} ÷ interest rate

Future value = $5,900 × {( 1 + 0.097 ^ 20 years - 1} ÷ 0.097

Future value= $5,900 × 55.3597842916

Future value= $326,622.73

Therefore the amount you will have in your account if you make deposits for 20 years is $326,622.73

6 0
2 years ago
Sydney saved $10,000 during her first year of work after college and plans to invest it for her retirement in 40 years. how much
Yuliya22 [10]
Given:
P = $10,000, the principal
t = 40 yers, time duration
r = 8% = 0.08, the interest rate
Assume that
n = 12, monthly compounding.

The value after 40 years is
A=P(1+ \frac{r}{n} )^{nt}
nt = 12*40 = 480
1 + r/n = 1 + 0.08/12 = 1.0066667
A = 10000*1.0066667⁴⁸⁰ = $242,737.71

Answer:  $242,737.71

3 0
3 years ago
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