Answer:
Value of nominal GDP ; PY = $ 1380 ans.
Explanation:
Monetarism is an economic school of thought that stresses the primary importance of the money supply in determining nominal GDP and the price level. The "Founding Father" of Monetarism is economist Milton Friedman. He said that Inflation is always and everywhere a monetary phenomenon.
We begin with the equation of exchange. This is the building block for monetarist theory. It says that
M × V = P × Y
where M is the quantity of M1
V is velocity of M1, or the average number of times that the dollar turns over in a given year on the purchase of final goods and services
P is the price level, and Y is real output.
Now changes in M V will change the nominal GDP ; P Y
Initially, we have M V as 200 ( 6) =$1200
Now , we have M = $200 and V = 6 + 15% ( 6 )
V = 6 + 0.9 ; V = 6.9
MV = PY
MV = 200 ( 6.9 ) ; MV = $1380
Hence, value of nominal GDP ; PY = $ 1380 ans.
Answer:
He shoukd apologises to his boss and send the other person to voicemail and creat a plan to call back later
Explanation:
True
(Not sure what was the question about but I’m guessing it’s a true/false?)
hope this helps :)
Answer:
supply curve for paper would shift to the left.
Explanation:
Negative externality is when the cost of either production or consumption activities to third parties not involved in the activities exceeds its benefit.
If the governmental makes the firm internalize the externality, the cost of production would increase.
If the cost of production increases, the firm would reduce supply in order to reduce costs.
A reduction in supply leads to a leftward shift of the supply curve.
I hope my answer helps you
Answer:
B: Modern Language Association (MLA)
Explanation:
I'm taking the BIM Cumulative Exam 2022
