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bogdanovich [222]
3 years ago
12

In the fourteenth century, the Western African Emperor Kankan Musa traveled to Cairo where he gave away much gold, which was in

use as a medium of exchange. We would predict that this increase in gold:______.a. raised both the price level and the value of gold in Cairo. b. raised the price level, but decreased the value of gold in Cairo. c. lowered the price level, but increased the value of gold in Cairo. d. lowered both the price level and the value of gold in Cairo.
Business
1 answer:
Natalka [10]3 years ago
7 0

Answer:

b. raised the price level, but decreased the value of gold in Cairo

Explanation:

In this case, its most likely that inflation would occur because there was a sudden influx of gold into the market thereby reducing the price level of goods because there will be an increase in demand, which if it exceeds supply will increase price. This would further reduce the value of gold in the market because of the unexpected arrival in the market.

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MaRussiya [10]

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7 0
3 years ago
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bulgar [2K]

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The correct answer is letter "B": It is designed for efficiency and low cost by minimizing inventory and maximizing efficiencies in process flow.

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Traditionally, the music industry signed multi-year contracts with artists and sold copyright-protected music through establishe
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Answer:

d) standard; fast

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