Answer:
7/10
Explanation:
Given the following set of numbers: {1, 2, 3, 4, 5, 6, 7, 8, 9, 10}
There are 5 even outcomes: {2, 4, 6, 8, 10}
There are 3 multiples of 3: {3, 6, 9}.
Combining these lists we get 7 desired outcomes: {2, 3, 4, 6, 8, 9, 10}
Therefore, the probability of drawing an even number or a multiple of 3 is: (desired outcomes)/(total outcomes) = 7/10
Expansionary is a macroeconomic policy that seeks to expand the money supply to encourage economic growth or combat inflation (price increases). ... One form of expansionary policy is fiscal policy, which comes in the form of tax cuts, transfer payments, ... Monetary policy: Actions of a central bank or other committees
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The term income effect used in economics describes a situation where a higher price causes a reduction in the buying power of income, even though actual income has not changed.
<span>It denotes the change in demand of a good or service as a result of a change in a consumer's discretionary </span>income<span>. </span>
Answer: B. I, II, III and IV
Explanation:
From the question, we are informed that The Federal Reserve Board foresees the probability of an overheated economy and the resumption of double-digit inflation and that the FRB takes actions to slow down the economy, including increasing the discount rate.
The effect of this is that there will be a rise in prime rate, a rise in the bond yields and an accompanying decrease in bond prices, a slowdown in corporate growth and also reduction in corporate earnings. Therefore, option B is the right answer.
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.
