Answer:
The equilibrium price level will double.
Explanation:
Suppose that the economy has a money supply of $4 billion and the income velocity of money is 8, the price level will be 4 and the real GDP is $8 billion. The formula we are using is:
- Money supply x velocity = price level x real GDP
If the money supply remains the same ($4 billion), the income velocity of money is 16 (it doubles), and the real GDP is $8 billion, then the price level will be:
$4 x 16 = price level x $8
$64 = price level x $8
price level = $64 / $8 = 8
So the price level has doubled to 8.
The answer that fits the blank would be PENETRATION. Based on the given scenario above, the penetration pricing strategy was utilized in order for the item that was lowered in price reach a vast part of the market and this would eventually be known to everybody.
The answer is nondiscretionary fiscal policy.
Nondiscretionary fiscal policy refers to measures that are incorporated into the system to automatically provide expansionary or contractionary stimulus. Nondiscretionary fiscal policy, for example, entails government measures that stimulate the economy when it needs it and deflate it when it needs it.
Nondiscretionary fiscal policy refers to numerous continuing government spending and taxing schemes. These are largely for the purpose of sustaining revenue. They are almost never modified. They consist of social security, welfare, and unemployment benefits.
Unemployment benefits are a common example of nondiscretionary fiscal policy. Payments must rise when the number of jobless rises, which occurs during an economic slowdown. When the jobless return to work as the economy improves, the payments must fall.
Therefore, the answer is non-discretionary fiscal policy.
To know more about fiscal policy click here:
brainly.com/question/6583917
#SPJ4
Will I use it more than the allowed lease mileage?
- If you do, it will be better to buy a car
<span>How long do I want the car?
- If you only need it for a short amount of time, you should lease the car
How much do I want to spend?
- If the amount you want to spend is less than the cost of a car, than, you will lease a car instead
How much do I like the car’s options?
- There are more options when buying a car than when leasing.
hope this helps
The "will my family like the car?" is an opinion, and usually would not have to do with leasing a car. (and it also states that you have a family)
hope this helps</span>