I believe it would be called an “Elaboration”
Answer:
Main points you should right:
The importance of a cardinal
What a cardinal does
How does a cardinal help
What do they symbolize
How do cardinals bring good luck.
Do some research or from a text you read about cardinals.
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If the money supply increases and nominal GDP remains the same, then A. price level increases.
<h3>What is Money Supply?</h3>
This refers to the total amount of money that is in circulation in a country that usually increases spending.
Hence, an open market sale by the federal reserve will increase the interest rates because it would increase investment spending because an OMO sale decreases interest rates which make getting loans easier.
M= Money supply
V= Velocity
P- Price level
Y= nominal GDP
Hence, with the increase in the money supply, then there would be an increase in the price supply.
Read more about money supply here:
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Sales tax is regressive, the second is progressive, and the third is proportional.
