Answer: Option (C) is correct.
Explanation:
Correct option: The price level and nominal wages.
According to the classical dichotomy, nominal variables moves proportionately with the quantity of money whereas real variables remains unchanged.
A classical model that is based on the flexibility of prices and wages, conclude that any changes in money supply only affects the nominal variables whereas real variables remains constant. This theory results in the independence of the real variables from any changes in the money supply and nominal variables.
As Crunch cereal and Trix cereal are substitute goods, then, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left
<h3>What causes
demand curve to shifts to
left? </h3>
In economics, when the demand curve shifts to the left it means that determinant causes demand to drop and less of the good or service is demanded.
In conclusion, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left
Read more about demand curve
<em>brainly.com/question/1979620</em>
<span>Physical
location
service</span>
If the demand for loanable funds shifts to the right, then the equilibrium interest rate and quantity of loanable funds rise.
<u>Option: A</u>
<u>Explanation:</u>
The availability of loanable funds is savings dependent. Lending is dependent on desire for loanable funds. The relationship between the savings supply and loan requirement decides the real interest rate and the amount is being loaned out.
The requirement for loanable funds reflects lenders' actions, as well as the amount of loans requested. The smaller the rate of interest, the less costly it is to lend. The balance of loanable funds on the market is done because the amount of loans lenders want is the same as the amount of savings that savers have. The interest rate varies to ensure that both are equivalent.
Based on the given scenario above, the correct answer for this would be option A. So based on Jessica's situation, the condition that the scenario describes would be UNLIMITED PERSONAL LIABILITY. Unlimited liability<span> refers to the legal obligations that one must assume. Hope this is the answer that you are looking for. </span>
