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3 years ago

Why is the greece financial crisis described as a depression and not a recession?

1 answer:

6 0

<span>The financial crisis in Greece is described as depression rather than recession is because the Greece’s economy had taken a severe and sustained economic downturn. Greece’s economy has been marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced. Depression is a more severe form of recession. Recession lasts a few months, while depression lasts longer. </span>

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$16,281$⁢16,281 is invested, part at 15%15% and the rest at 13%13%. If the interest earned from the amount invested at 15%15% ex

aleksandr82 [10.1K]

Answer:

Ans. The amount invested at 13% was $1,595.97 and $14,685.03 were invested at 15%

Explanation:

Hi, you can solve this by using 2 equations, so let X be the portion of the money invested at 15% and Y be the amount invested at 13%. So the equation for the whole amount is:

$X+Y=16,281$

Now, the problem says that the money that you earn by investing at 15% exceeds the money received as interest in your investment of 13% by $1,995.27, this leads us to the second equation.

$0.15X=0.13Y+1995.27$

Now, to make it a little more friendly, we just have to go ahead and divide everything by 0.15, so we get.

$X=0.8667Y+13,301.8$

Now, in our first equation, we substitute X fo 0.8867(Y)+13,301.8 and we will see this.

$0.8667Y+13,301.8+Y=16,281$

Now, we solve for Y

$1.8667Y=16,281-13,301.8$

$Y=\frac{2,979.2}{1.8667} =1,595.97$

So the money invested at 13% was $1,595.97 therefore, the money invested at 15% was $16,281 - $1,595.97 = $14,685.03

And we can check this results like this. The money invested at 15% will return an amount of:

$14,685.03*0.15=2,202.75$

And the money invested at 13% will return

$1,595.97*0.13=207.48$

Substracting, we would found that the difference is:

$2,202.75-207.48=1,995.27$

Best of luck.

5 0

3 years ago

You have four credit cards. each has a balance of $450.00, but their credit limits are $800.00, $1,200.00, $1,300.00, and $1,500

swat32

the answer is b)$800.00

3 0

3 years ago

Read 2 more answers

Go to the internet and find a news article published within the last month that discusses changes in demand and supply of partic

Setler79 [48]

Answer: The explanation is provided below

Explanation:

Below article is the summary of the acceleration of inflation in the emerging markets that was published in 2018.

According to the article, inflation in an economy is caused by an adverse supply shock or as a result of the expansionary fiscal policy or the expansionary monetary policy.

In an adverse supply shock, total quantity of basic goods will reduce drastically causing the aggregate demand to rise exponentially and therefore, push prices higher and then gradually lead to inflation.

Also, the continous and eventual implementation of the expansionary fiscal or monetary policy through continous tax cuts or by increasing government spending or reducting interest rates, lead into significant increase in the aggregate demand and as a result, prices rise eventually resulting in hyperinflation in the economy. This will also lead to increase in the real GDP of the economy.

Different tools in the monetary policy framework can be used to control inflation such as government securities,

the cash reserve ratio, interest rates. To reduce recession, government utilize automatic stabilizer in order to boost the economy.

8 0

3 years ago

. At which of the following prices, if any, can India and Indonesia both gain from trade? a. 1/5 units of bananas per unit of ri

creativ13 [48]

Answer:

I think it's A

Explanation:

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3 years ago

A company has many underutilized compute resources on-premises. which aws cloud feature will help resolve this issue?

BaLLatris [955]

AWS cloud feature will help resolve this issued as<u> Elasticity.</u>

<u></u>

<h3>What is elasticity ?</h3>

Elasticity is an economic measure of how sensitive one economic factor is to changes in another. For example, changes in supply or demand to the change in price, or changes in demand to changes in income.

<h3>What is Hooke's law of elasticity?</h3>

Hooke's law, law of elasticity discovered by the English scientist Robert Hooke in 1660, which states that, for relatively small deformations of an object, the displacement or size of the deformation is directly proportional to the deforming force or load.

<u></u>

To learn more about Elasticity, refer

brainly.com/question/5078326

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1 year ago