1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mars1129 [50]
3 years ago
15

If the money supply is $6,000, velocity is 5, and Real GDP is 10,000 units of output, then the price level is _____________. If

the money supply doubled over a short time period to $12,000, the simple quantity theory of money would predict that _____________________.
Business
1 answer:
atroni [7]3 years ago
8 0

Answer and Explanation:

The computation is shown below:

The Price level in the normal case

= Money supply ÷ Real GDP × Velocity

= $6,000 ÷ 10,000 units × $5

= $3

Now in the case when the money supply doubled i.e $12,000

So, the price level is

= Money supply ÷ Real GDP × Velocity

= $12,000 ÷ 10,000 units × $5

= $6

When the money supply doubles, the price level is also doubled that indicated the direct relationship between the price level and money supply

You might be interested in
The ____ is an organization that has developed resource documentation for CSPs and their staff. It provides guidance for privacy
Tcecarenko [31]

Answer:

​Cloud Security Alliance

Explanation:

Cloud Security Alliance can be regarded as an organization that

is a not-for-profit one having a mission in raising best practices that provid security assurance in cloud computing as well as provision of education on how cloud computing can be used in

securing forms of computing. It should be noted that ​Cloud Security Alliance

is an organization that has developed resource documentation for CSPs and their staff. It provides guidance for privacy agreements, security measures, questionnaires, and more.

4 0
3 years ago
If average product is increasing, then marginal product Select one: a. must be greater than average product. b. must be less tha
netineya [11]

Answer: Option (a) is correct.

Explanation:

Figure attached with this answer shows the two curves, namely, average product curve and marginal product curve.

Marginal product refers to the change in the total output divided by the change in the quantity of inputs used.

Average product is calculated by dividing the total output produced with the quantity of inputs or factors of production used.

The relationship between marginal product and average product is explained by three phases:

(1) Average product is rising,

Marginal product is greater than the average product.  

(2) Average product is maximum,

Marginal product is equal to average product.

(3) Average product is falling because of diminishing marginal utility,

Marginal product is less than the average product.

4 0
3 years ago
Outside directors are defined as
Westkost [7]

Answer:

B) individuals on the board who are not employed by the board's corporation.

Explanation:

The outside director are those director who are not employee of the company they only receive their fee per meeting. These directors are also known non executive director. Their objective is to protect the interest of shareholders by supervising different fiction of business and ensure that shareholder's interest is safe.

8 0
3 years ago
The additional benefit of producing one more roast beef sandwich at a local deli is $2. The additional cost of producing one mor
aivan3 [116]

Answer:

The correct answer is D) "producers should not produce one more roast beef sandwich because MC > MB"

Explanation:

Marginal cost (MC) is the additional cost that you provoke when you add an extra unit of goods or services to your company.

Marginal benefit (MB) is the additional benefit that you receive when you add an extra unit of goods or services to your company.

When:

MC > MB (producers shouldn't produce an additional good or service)

MC < MB (Producers should produce an additional good or service)

4 0
3 years ago
What will a contingency note contain?
kykrilka [37]

Answer:

Contingencies are potential liabilities that might result because of a past event

Explanation:

Reasonably possible losses are only described in the notes and remote contingencies can be omitted entirely from financial statements.

4 0
3 years ago
Other questions:
  • Kathy has found out everything she can about a newly qualified lead. She has practiced making her sales presentation and has det
    10·2 answers
  • In appellate procedures, each party files a(n) _____ that contains a short description of a case, a factual summary, legal point
    9·1 answer
  • One car rental agency rents a mid dash size car at a daily rate of ​$36.95 plus 36 cents per mile. Another company rents a mid d
    12·1 answer
  • Bonita Company assigns overhead based on machine hours. The Milling Department logs 2350 machine hours and Cutting Department sh
    11·1 answer
  • A CSR should not use email, newsletters, managers and other
    7·1 answer
  • A market with only two firms is called a
    12·1 answer
  • Show the effect of each transaction on the three basic accounting elements by indicating the dollar amount of the increase or de
    11·1 answer
  • Olive Enterprises experienced the following events during Year 1: Acquired cash from the issue of common stock. Paid cash to red
    13·1 answer
  • Integrating management theories (Lead)
    5·1 answer
  • Which communication theory is most relevant to a speaker developing a persuasive speech?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!