Take the $550 per month for monthly income as after ten years it would reach the same amount just in a longer period of time
Answer:
Explanation:
find the attached solution below
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:
w-2, Form 1040, and possibly Schedule (1... etc. )
Explanation:
