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2 years ago

What do economists call the shift of the entire curve?

1 answer:

5 0

Economists call this a change in demand as the curve is directly linked to the demand of the product. When the demand goes up or down the curve moves left or right accordingly.

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If the money supply is growing at a rate of 3 percent per year, real GDP (real output) is growing at a rate of 3 percent per

myrzilka [38]

Answer:

Explanation:

Given that,

Growth rate of money supply = 3% per year

Real GDP growth rate = 3% per year

Velocity = Constant

According to the quantity growth theory of money,

M + V = P + Y

where,

M = Growth rate of money supply

V = Velocity

P = Inflation rate

Y = Real GDP growth rate

M + V = P + Y

3% + 0 = P + 3%

3% - 3% = P

0% = P

Therefore, the inflation rate is 0%.

6 0

2 years ago

A company purchased inventory for $74,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company pa

marysya [2.9K]

Answer:

Cost of inventory =$73,280

Explanation:

The term 3/10 implies that the company would get a discount of 3% off the gross purchase price if its settles its account within 10 days of purchase. Since the payment was made 9 days after then the discount is secured.

The cost of inventory = the net purchase price + the freight charges

Net purchase price = Gross amount - discounts

Net purchase price = 74,000 - (3%× 74,000)=$71780

The cost of inventory = 71,780 + 1500= 73280

Cost of inventory =$73,280

8 0

2 years ago

The In ternet is a worldwide communications network. Which device connects computer networks and computer fa cilit ies? The Inte

son4ous [18]

computer network and computer facilities is called internet protocol

7 0

2 years ago

Manuel is retired and receives a fixed payment from his pension each month. when there is inflation?

ziro4ka [17]

Manuel is retired and receives a fixed payment from his pension each there is inflation when the buying power of his pension will fall

This is further explained below.

<h3>What is inflation?</h3>

Generally, Inflation refers to the rate at which prices continue to grow during a certain period of time, and the term may also refer to inflation itself. In most cases, inflation is assessed on a broad scale, such as the overall increase in prices or the growth in the cost of living in a particular nation.

To put inflation in its most basic form, it may be thought of as the general upward trend in the prices of goods and services over time. What this implies is that a dollar spent now won't purchase as much in the future. In other words, it will lower your ability to purchase things in the future.

In conclusion, Manuel is now retired and receives a certain amount from his pension on an annual basis. In the event that there is inflation, Manuel will be able to buy a lesser total amount with his pension money.