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s344n2d4d5 [400]
3 years ago
15

According to classical macroeconomic theory, changes in the money supply affect: _________.(i) nominal variables, but not real v

ariables.(ii) nominal variables and real variables. (iii) real variables, but not nominal variables.(iv) neither nominal nor real variables.
Business
1 answer:
Stells [14]3 years ago
7 0

Answer: .(i) nominal variables, but not real variables

Explanation:

According to classical macroeconomic theory, changes in the money supply affect the nominal variables but the real variable are not affected.

According to the classical macroeconomic theory, it us believed that an increase in money supply will result into a rise in the availability of money in the market, thereby increasing consumers spending which will also lead to a rise in aggregate demand which in turn, causes inflation.

Thereby the nominal variables will be changed.

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The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000. During the month, it
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Answer:

$13,000

Explanation:

Calculation for what The ending balance of the Work in Process Inventory account for the Fabricating Department is:

Beginning Balance 10,000

Add Direct Materials 76,000

Add Direct Labor 24,000

Add Factory Overheads 12,000

(50% *24,000)

Less Work Transferred (109,000)

Ending Balance $13,000

Therefore The ending balance of the Work in Process Inventory account for the Fabricating Department is:$13,000

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3 years ago
Describe how the federal reserve is organizedde
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4 years ago
Mr. Porter sells 10 bottles of champagne per week at $50 per bottle. He can sell 11 bottles per week if he lowers the price to $
Anuta_ua [19.1K]

Answer:

$45; $50

Explanation:

Given that,

Quantity sold (at price = $50 per bottle) = 10 bottles of champagne

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Therefore,

Quantity effect (keeping the price unchanged):

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Price effect (keeping the quantity unchanged):

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Hence, total revenue experiences an increase of $45 and a decrease of $50.

3 0
3 years ago
A technological improvement in producing good A would cause: a. a movement upward and to the right along the supply curve for A.
sveticcg [70]

Answer:

The correct answer is letter "B": a shift to the right of the supply curve for A.

Explanation:

According to the supply law, when the quantity supplied of a good increase, so will the price for that good. This will also cause that the supply curve shifts to the right. Then, technological improvements are likely to boost production which implies manufacturing more products, thus, increasing supply.

So, <em>the introduction of technologies in the production of good A will shift the supply curve of A rightwards.</em>

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4 years ago
Read 2 more answers
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