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2 years ago

The classical dichotomy refers to the separation of

Business

1 answer:

Molodets [167]2 years ago

3 0

Answer:

Explanation:

The classical dichotomy states that real variables e.g. employment are dependent of monetary variables or nominal variables and so they can be analysed separately. According to this theory, the primary function of money is to enhance the efficient production and exchange of goods and services. According to the theory, an economy exhibits classical dichotomy if real variables can be analysed separately from nominal variables

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3 years ago

The price of baseballs, a complement to baseball bats, increases at the same time the price of aluminum, an input to baseball ba

Rufina [12.5K]

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The price of baseball bats (a complementary good) increased

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2 years ago

you have $6000 to invest in two stock funds. The first fund pays 5% annual interest and the second account pays 9% annual intere

stira [4]

Answer:

Amount of money invested is $2,000 and $4,000

Explanation:

In this question, we are asked to calculate how much was invested in two different accounts given the amount of money invested in both accounts.

Let the amount of money invested in both accounts be a and b respectively.

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A + B = 6000 ......I

Now we use the formula for simple interest to check the amount that is supposed to be made on Both accounts if he end of a year.

Formula for simple interest is I = PRT/100

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That is 5a + 9b = 38,000. ........ii

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Let A = 6000-b from 1

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4b = 8,000

b =$2000

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