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Anna35 [415]
3 years ago
6

If the price level doubled and someone wanted to maintain the same level of purchasing power, the nominal quantity of money dema

nded must____________.a. also double.b. increase by 50%.c. stay the same.d. decrease.
Business
1 answer:
otez555 [7]3 years ago
6 0

Answer:

also double

Explanation:

To maintain the same purchasing power, if price doubles, nominal demand for money should double too.

For example, let us assume that the price of an apple is $2 And you purchase 10 apples every week. You pay $20. Price level now rises to $4. To be able to purchase the same quantity of Apples, you need to demand for $40. The nominal demand for money has also doubled.

I hope my answer helps you

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Answer:

Net Cash Flows from operating activities is $68.5 million.

Explanation:

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The net cash flows from operating activities can be calculated using the following method:

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<u>Add Non Cash Deductions</u>

2. Depreciation                                             5.5

3. Loss on sale of Equipment                       1.5

<u>Add / (Less) the increase or </u>

<u>decrease in current Assets or </u>

<u>liabilities</u>

4. Increase in Trade Receivables                (2.5)

5. Increase in Trade Payables                      3.5

6. Increase in inventory                               <u> (4.5) </u>

Net Cash Flows from operating activities $68.5

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Your typical markup for merchandise is 36%. Your cost on an item is $11.00. Calculate the selling price.
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