Cheap labor force...American businesses can save a substantial amount if they outsource.
Answer: d. b and c
Your analysis assumes that velocity is constant, and it is not.
Your analysis assumes that you can correctly define the money supply
Explanation:
Here are the options for the question:
a. Your analysis assumes that Real GDP is constant over time, and it is not.
b. Your analysis assumes that velocity is constant, and it is not.
c. Your analysis assumes that you can correctly define the money supply.
d. b and c
e. a, b and c
According to the constant-money-growth-rate rule, the government should target money growth rate in a way that it will be equal to growth rate of the real GDP.
The likely thing that economist Smith, who favors activist monetary policy would say to economist Jones is that Jones is assuming velocity will be constant, and is also correctly defining the money supply which should not.be the case as velocity isn't always constant.
This is an example of the Shoe-leather effect of inflation
Explanation: Here Carols faces a lot of inconvenience in minimizing the cash holdings he has in the fear of it losing its value in the long term. So, he pays a steep fee to convert which we can call as shoe leather costs.
Answer:
D
Explanation:
they are promoting their value to the industry and not trying to inform about a specific product. the intent of institutional marketing is to build trust in the brand.
Answer:
Dean probably will be able to get the painting back. A mutual mistake was made since both parties involved, Dean and Susan, made an important factual error. They both were convinced that the painting was an ordinary copy and that it was worth very little money. A mutual mistake makes the contract voidable by any party.
