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marishachu [46]
3 years ago
7

Economist Jones favors a constant-money-growth-rate rule. She says that if the annual money supply growth rate each year is equa

l to the average annual growth rate in Real GDP, price stability will exist over time. What would economist Smith, who favors activist monetary policy, say to economist Jones?
Business
1 answer:
scZoUnD [109]3 years ago
7 0

Answer: d. b and c

Your analysis assumes that velocity is constant, and it is not.

Your analysis assumes that you can correctly define the money supply

Explanation:

Here are the options for the question:

a. Your analysis assumes that Real GDP is constant over time, and it is not.

b. Your analysis assumes that velocity is constant, and it is not.

c. Your analysis assumes that you can correctly define the money supply.

d. b and c

e. a, b and c

According to the constant-money-growth-rate rule, the government should target money growth rate in a way that it will be equal to growth rate of the real GDP.

The likely thing that economist Smith, who favors activist monetary policy would say to economist Jones is that Jones is assuming velocity will be constant, and is also correctly defining the money supply which should not.be the case as velocity isn't always constant.

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What statement about minimum payments is incorrect
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Concord Corporation uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receiv
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The journal entries are shown below:

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It is computed below:

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5 0
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The market used to calculate the CPI is 3 units of pork and 4 unit of corn. In 2005, pork cost $20 per pound and corn cost $12 p
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Answer:

<em>The answer will be 136.11 </em>

Explanation:

Because since the cost of the basket in 2005 is = (3x20) + (4 x 12) = 108; And the cost of basket in 2006 is = (3x25) + (4 x 18) = 147

To calculate the CPI,

  • <em>Put a sampling of product prices from a previous year. </em>
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The Consumer Price Index (CPI) for 2006 = <em>(147/108) x 100 = 136.11</em>

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3 years ago
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