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Ludmilka [50]
2 years ago
15

Suppose nominal GDP is​ $2,000 a year and the quantity of money is​ $400. Then the velocity of circulation equals

Business
1 answer:
ahrayia [7]2 years ago
3 0

Answer: 5

Explanation:

The velocity of circulation is the average number of times that each dollar can be used for the purchase of goods and services in a year.

From the information given in the question, the velocity of circulation will be:

= Nominal GDP / Quantity of money

= $2000 / $400

= 5

Therefore, the velocity of circulation is 5.

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c

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The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are
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Raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.

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To prevent inflation, Lilliput's government should raise the income tax, which gives citizens less money to spend and buys more services from a civilian-owned business, which creates more jobs.

In this way, it can increase employment and reduce consumer spending which in turn will prevent inflation.

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Oral contracts regarding the sale of real property are enforceable under the Statute of Frauds.

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Another thing that supports Donna's case is that she spent money, time and possibly others resources remodeling the house because she relied on the validity of the oral contract.

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From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months
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3 years ago
Keynesians a. advocate for a laissez-faire approach. b. believe that equilibrium may exist at less than full employment.c. belie
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c. believe in the use of fiscal policy to stabilize the economy.

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According to Keynesian theory, the sum of some micro-economic behaviors of all individuals and businesses results in inefficiency and the economy operates at a level below its potential output and growth. When total demand for products is insufficient, the economy enters a crisis and unnecessary unemployment arises due to defensive behavior of the producers. In such cases, the government may pursue policies to increase aggregate demand, and as a result may accelerate economic activities and reduce unemployment. Most Keynesian propose policies to stabilize the business cycle. For example, when the unemployment level is too high, the state can pursue a growth-oriented monetary policy.  , one of the most famous of his critiques, Keynes argues and did not agree with "The Laissez-faire" that he opined  the doctrines of laissez-faire are dependent on some extent on a case-by-case basis.

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