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ivolga24 [154]
3 years ago
9

An increase in input prices causes:___________

Business
1 answer:
Svetach [21]3 years ago
5 0

Answer: the market supply to shift inward, driving the equilibrium price higher.

Explanation:

An increase in input prices will result into a rise in the production costs. This will result in a leftward shift of the supply curve.

Therefore, the market supply will shift inward, driving the equilibrium price higher. This simply means that there will be lesser supply of the product and hence, increase in price.

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Suppose that the velocity of money is stable, 4% real economic growth is occurring, the rate of inflation is 4%, unemployment is
svp [43]

Answer:

8%

Explanation:

  • Growth in money supply + Growth in velocity = Inflation + Real economic growth

Given:

  • Growth in velocity = 0 (stable at 4% hence 0 growth)
  • Inflation = 4%
  • Real economic growth = 4%

Using formula

  • Growth in money supply + Growth in velocity = Inflation + Real economic growth

  • Growth in money supply + 0 = 4% + 4%
  • Growth in money supply = 8%
7 0
3 years ago
Identify and discuss five areas of modern business and the role ICT play in achieving business success
k0ka [10]

Answer:

The five areas of modern business and the role ICT play in achieving business success is discussed below in complete details.

Explanation:

ICT incorporates all digital technology that supports people, businesses, and establishments in managing messages and information. ICT helps by making a business more productive, efficient, and quickly react to customers' requirements. ICT can serve business ventures including layouts, production, Research and development, shipping and commerce, and feedback.

3 0
3 years ago
As a result of an increase in the growth rate of the money supply: __________
sweet-ann [11.9K]

Answer:

Real GDP growth increases only in the short run, and the inflation rate increases in both the short run and the long run.

Explanation:

An increase in the growth rate of money supply will result in an increase in inflation in both the short run and the long run.

Long run growth of the real GDP growth depends on the effective use of resources and technology, not the money supply.  

A small increase in the money supply is always needed to support economic growth, that is why one of the few ideas that most economists agree upon is that the inflation rate should be between 1.5 - 2% per year.

4 0
3 years ago
A consumer has ​$200 per month to be spent on books​ (good B) and DVDs​ (good D). Market prices are as​ follows: PB​ = ​$20 and
mr_godi [17]

Answer:

Explanation:

Let x is number of books (x ≥0)

Let y is the number of DBA (y≥0)

Given that PB​ = ​$20 and PD​ = ​$40 and  consumer has ​$200 per month, so we can form the inequalities:

200 ≥ 20x+ 40y

So we have a system of  inequalities is:

  • 200 ≥ 20x+ 40y
  • x ≥0
  • y≥0

Please have a look at the attached photo, the right triangle are possible solution for the system.

Hope it will find you well

5 0
3 years ago
Jim wants to buy a car, but he’ll probably only need it for a couple of years. He has a short commute to work, so he won’t be pu
PolarNik [594]
He should lease the car he is not going to need it for a long tme

5 0
3 years ago
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