Answer:
C) the nominal value of aggregate income is determined
Explanation:
The quantity theory of money states that nominal aggregate income is determined by money supply. It is assumed that money velocity is constant in the short run and so would not impact nominal aggregate income.
The quantity theory of money is obtained from the equation of exchange which is:
(Money supply × velocity ) = (price × agregrate output)
Dividing both sides by velocity gives,
Money supply = (1/velocity) × ( price × agregrate output)
It is assumed velocity is constant, therefore,
Money supply = k × (price × agregrate output)
I hope my answer helps.
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Answer:
Value
<h3>What are the value definition and examples?</h3>
- Value is the worth of goods, services, or money of an object or person.
- An example of value is the amount given by an appraiser after appraising a house.
- An example of value is how much a consultant's input is worth to a committee.
To learn more about it, refer
to brainly.com/question/25689052
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Answer:
The correct answer is C. If the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. The policy will cause the natural rate of unemployment to fall, which will shift the long-run aggregate supply curve to the right
.
Explanation:
Unemployment occurs when there is a greater supply of labor than what is demanded. This means that there are people who seek employment at the regular wage rates, but who are unable to get employment in the open labor market. Unemployment also means that people who actually want to work (and who are unemployed) cannot work with what they are qualified for.
Unemployment is a social problem, and low unemployment and high employment are important in order to develop and maintain a welfare society. For each individual, work is the most important insurance for their own welfare and social inclusion.
If the aforementioned law were approved, and the unemployed began to look for work imminently (even leaving aside some pretensions), many of them would get a job in a shorter time than if this law were not approved, which would decrease the country's unemployment rate.
Answer:
126,000
Explanation:
56,000/4 = 14,000
5*14,000 = 70,000
56,000 + 70,000 = 126,000
