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IRISSAK [1]
3 years ago
7

The quantity theory of money is a theory of how A) the money supply is determined. B) interest rates are determined. C) the nomi

nal value of aggregate income is determined. D) the real value of aggregate income is determined.
Business
1 answer:
meriva3 years ago
5 0

Answer:

C) the nominal value of aggregate income is determined

Explanation:

The quantity theory of money states that nominal aggregate income is determined by money supply. It is assumed that money velocity is constant in the short run and so would not impact nominal aggregate income.

The quantity theory of money is obtained from the equation of exchange which is:

(Money supply × velocity ) = (price × agregrate output)

Dividing both sides by velocity gives,

Money supply = (1/velocity) × ( price × agregrate output)

It is assumed velocity is constant, therefore,

Money supply = k × (price × agregrate output)

I hope my answer helps.

All the best

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Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud
beks73 [17]

Answer:

Results are below.

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<u>First, we need to calculate the number of processing hours:</u>

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

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<u>Now, we can calculate the predetermined overhead rate:</u>

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Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

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