Answer: The correct answer "e. lower; rise; raises".
Explanation: According to the keynesian transmission mechanism, a rise in the money supply will <u>lower</u> the interest rate, causing a <u>rise</u> in investment demand, which then <u>raises</u> Real GDP.
because a decrease in the interest rate, would cause companies to decide to take loans to invest, thus increasing investment and as a result would increase GDP
The price of money borrowed or saves is called INTEREST.
When you borrow money, interest is also paid on the principal. When you save money, interest is earned on the savings. This is the price of money borrowed or saved.
Question:
An express warranty is created when a seller:
A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.
B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.
C) sells goods meant for use for ordinary purposes.
D) avoids using a sample or model as the basis for the contract.
Answer:
The correct choice is A)
An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.
Explanation:
For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.
This warranty usually is stated upfront prior to or during the execution of the sales transaction.
Cheers!
<u>Business Management and Administration</u>: general manager and executive secretary
<u>Finance</u>: accountant, loan officer
<u>Marketing, sales, and service</u>: survey researcher and purchasing agent
<u>Transportation, distribution, and Logistics</u>: storage and distribution manager and cargo and freight attendant
