Answer:
Kindly check explanation
Explanation:
The quantity theory generally represented by the formula:
MV = PT
Where ;
M, money supply, that is monet in the economy
V, velocity of money, which shows the rate at which money is used to obtain a finished product.
P ; average price level
T ; volume of transactions, good and services transacted in. the economy
The quantity theory explains how variation in the quantity of money in circulation within an economy causes variation in the price level of goods and services.
B.)
From the money quantity theory, we can observe a proportional relationship between quantity of money supply and the price level of goods. With more money in circulation, people are able to increase their demand for goods and services. Increase demand drives prices Hence, causing inflation.
Answer:
Explain the situation and aim to resolve it in a calm, peaceful and positive way.
It is part of human nature. The drive to become rich, and to take the gold, is the whole reason that the dwarves started off in the first place. They were greedy for the wealth. They were blinded to the position that they were in. Even when Bilbo took the Arkenstone Thorin didn't pay attention, and turned his back on him.
The author is using an anecdote because he is telling a true story about someone or something that happened.
