If the money supply increases and nominal GDP remains the same, then A. price level increases.
<h3>What is Money Supply?</h3>
This refers to the total amount of money that is in circulation in a country that usually increases spending.
Hence, an open market sale by the federal reserve will increase the interest rates because it would increase investment spending because an OMO sale decreases interest rates which make getting loans easier.
M= Money supply
V= Velocity
P- Price level
Y= nominal GDP
Hence, with the increase in the money supply, then there would be an increase in the price supply.
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your answer would be 55 im pretty sure
The correct answer is B) coal.
The industry that was influenced by the steam engine and first allowed for technological innovations in transportation was the coal industry.
The steam engine used coal to work. This new invention served to produce energy in a most powerful way than other devices.
The invention of the steam engine changed the way people produced goods in industries and in the transportation industry. Indeed, this invention transformed industries.
New machines in the fabrics helped to introduce the concept of mass production to produce goods more efficiently and at better costs. In the transportation industry, the steam engine allowed the development of railroads as the best means of transportation in the 1800s.
Countries would be able to increase their productivity for the services with comparative advantage. A country then can sell products they produce efficiently and also would buy from other nations the products that they cannot produce. The comparative advantage can lose if there are competitors operating in a low wage country.
Explanation:
What is less than the average height from top to bottom is that I think your height on tour growth.
