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lord [1]
3 years ago
14

Suppose that the quantity of money in circulation is fixed but the income velocity of money doubles. If real GDP remains at its

long-run potential level, what happens to the equilibrium price level?
Business
1 answer:
Shalnov [3]3 years ago
4 0

Answer:

The equilibrium price level will double.

Explanation:

Suppose that the economy has a money supply of $4 billion and the income velocity of money is 8, the price level will be 4 and the real GDP is $8 billion. The formula we are using is:

  • Money supply x velocity = price level x real GDP

If the money supply remains the same ($4 billion), the income velocity of money is 16 (it doubles), and the real GDP is $8 billion, then the price level will be:

$4 x 16 = price level x $8

$64 = price level x $8

price level = $64 / $8 = 8

So the price level has doubled to 8.

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Answer:

The statement is: True.

Explanation:

Supply Chain Management aims to streamline the processes involved in the supply chain. The supply chain is a complex network of activities and resources involved in transferring raw materials, parts, and finished goods from initial manufacturers to end consumers.

<em>We could say then, that the supply chain management has a dual role: one driven by the manufacturers needs to be communicated to suppliers and the second represented by the number of activities that the supply chain processes demand managers and engineers to structure.</em>

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Who studying or working somewhere else but wish to work for the organisation
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2. Potential employees
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Sew much fabrics is an example of a company that imports.

<h3>What does import mean?</h3>

Import is when a good or service is brought into a country from a foreign country.  An example of import is when a person living in the US buys silk from Italy.

Reasons for import

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To learn more about imports, please check: brainly.com/question/26497713

3 0
3 years ago
Suppose that a person's nominal income rises from $10,000 to $12,000 and the consumer price index rises from 100 to 105. The per
Kazeer [188]

Answer:

C) Rise about 15 percent

Explanation:

The computation of the increase or decrease of real income is shown below:

Initial income equals to

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= $10,000 ÷ 100

= 100

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= Nominal income ÷ Consumer price index

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= 114.28

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Name four reasons for the success of the mongols as conquerors
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1 they had Genghis Khan - he was a military genius who managed to train his army well and lead them into many battles
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4 they used cruelty and fear - everyone was afraid of the Mongols and what they would do to them if they caught them
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