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murzikaleks [220]
3 years ago
7

According to the classical dichotomy, when the money supply doubles, which of the following also doubles?

Business
1 answer:
masha68 [24]3 years ago
7 0

Answer: Option (C) is correct.

Explanation:

Correct option: The price level and nominal wages.

According to the classical dichotomy, nominal variables moves proportionately with the quantity of money whereas real variables remains unchanged.

A classical model that is based on the flexibility of prices and wages, conclude that any changes in money supply only affects the nominal variables whereas real variables remains constant. This theory results in the independence of the real variables from any changes in the money supply and nominal variables.

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When designing a plan of action, always
iren [92.7K]
The best answer to go with is b
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3 years ago
The most common method for graphing the relationship between two variables is by drawing two __________ lines, where the _______
guapka [62]

Answer:

perpendicular, X-axis, Y-axis

Explanation:

Perpendicular lines are lines that intersect at 90°. lines that a perpendicular always involve a vertical and an horizontal line. the horizontal is the x-axis and horizontal is the y-axis.

Cheers.

6 0
3 years ago
Xanadu Industries manufactures and sells the same calipers as Utopia Industries. Employee wages account for 35 percent of the co
san4es73 [151]

Answer: E) Many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.

Explanation:

The scenario that'll make the labor union accept Richard's suggestion to lower the wages is when many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.

The reduction in wages by Xanadu Industries wouldn't bring about loss.of workers as the manufacturing plant is the only industry in the area. Another way the company can reduce cost is through the reduction in its raw materials cost. If the employees aren't satisfied due to the reduction in wages, they can look for employment at Utopia Industry.

Therefore, the correct option is E.

7 0
3 years ago
What is the difference between family income, household income and personal income?
34kurt

Family income- as a family how much you earn (I think)

Household- how much your whole household earns

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8 0
3 years ago
Solve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers as a pe
allochka39001 [22]

Answer:

5.78%

6.59%

8.85%

11.40%

Explanation:

The formula for determining future value (FV) given present value is(PV) :

FV = PV (1 +r)^n

r = interest rate

n = number of years

1. $338 = $270 x (1 + r)^4

( $338 /$270)^0.25 = 1 + r

1.0577 = 1 +r

r = 1.0577 - 1

r = 5.78%

2. 1231 = 390 (1 + r)^18

(1231 / 390)^0.055556 = 1 + r

1.065941 =  1 + r

r = 1.065941 -  1

r = 6.59%

3. 210390 = 42000 (1 +r)^19

(210390 / 42000)^0.052632 =  (1 +r)

1.088505 = 1 + r

r = 8.85%

4.  613,284 = 41,261 (1 + r)^25

(613,284 / 41,261)^0.04 = (1 + r)

1.113999 = 1 + r

r = 11.40%

7 0
3 years ago
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