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Gnom [1K]
2 years ago
11

Irving Fisher took the view that the institutional features of the economy which affect velocity change ________ over time so th

at velocity will be fairly ________ in the short run.
A) rapidly; erratic
B) rapidly; stable
C) slowly; stable
D) slowly; erratic
Business
1 answer:
9966 [12]2 years ago
8 0

Answer:

C) slowly; stable

Explanation:

Velocity is defined as the rate of turnover of money.

Velocity = Nominal aggregate income / money supply

Irving Fisher posited that the factors that affect velocity are institutions that impact how transactions are conducted. According to him, institutional factors that affect the velocity of money change slowly. Therefore, in the short run, velocity is fairly stable.

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After the events of 9/11, a friend suggests to you that the Central Intelligence Agency (CIA) and Federal Bureau of Investigatio
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A. Hindsight bias- also known as the knew-it-all-along phenomenon or creeping determinism, refers to the common tendency for people to perceive events that have already occurred as having been more predictable than they actually were before the events took place.
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3 years ago
Colin and Natalie orally agreed with Medical Center X for an in vitro fertilization procedure that would not result in the birth
Nadusha1986 [10]

Answer:

c. The medical center will prevail based upon the written contract

Explanation:

Since they later signed a written contract where it is stated in paper and has their signature that the medical center could not assure nor take any responsibilities for the birth of a kid without any medical, mental or physical defects the medical center has the upperhand on the court, as well as they did in Scalisi et al. v. New York University Medical Center that promised a perfect designed baby, the Scalsi decided for invitro fertilization because of the wife´s family medical history and tendency to autism, and they ended up with a baby with autism, so they sue the New York University Medical center, but the court sided with the NYUMC because of the written contract where it stated that they couldn´t assure the baby to be born without any medica, mental or physical defects.

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2 years ago
Piazza, a pedestrian, was injured when struck by a vehicle driven by Delaney, who ran a stop sign. At the time of the accident,
Ghella [55]

Answer:

Piazza should sue DGA Corporation because he (or she?) was struck by a company vehicle and the driver was acting within the scope of his normal employment tasks. Piazza might also sue Delaney along with DGA, since DGA is a small corporation and as a corporation is considered a separate legal entity whose shareholder equity might be really low.  

Piazza can sue for compensatory damages including pain and suffering, medical bills and lost wages.

6 0
3 years ago
Equilibrium price is $10 in a perfectly competitive market. For a perfectly competitive firm, MR = MC at 233 units of output. At
Anika [276]

Answer:

Continue operating; $699

Explanation:

The equilibrium price is $10.

MR = MC at 233 units of output.

At this output level, ATC is $12, and AVC is $9.

The AFC or average fixed cost

= ATC - AVC

= $12 - $9

= $3

The total fixed cost

= AFC\ \times Q

= \$ 3\ \times\ 233

= $699

The equilibrium price is able to cover the average variable cost so the firm should continue production in the short run.

4 0
3 years ago
A manager has a habit of consistently giving her employees high ratings to avoid conflict with them. Which error related to use
SpyIntel [72]

Answer:

C. Leniency Error

Explanation:

It is the tendency to give favorable ratings that are generally more lenient than true performance. In this case the manager does this to avoid conflict.

3 0
3 years ago
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