Answer and Explanation:
The computation is shown below:
The Price level in the normal case
= Money supply ÷ Real GDP × Velocity
= $6,000 ÷ 10,000 units × $5
= $3
Now in the case when the money supply doubled i.e $12,000
So, the price level is
= Money supply ÷ Real GDP × Velocity
= $12,000 ÷ 10,000 units × $5
= $6
When the money supply doubles, the price level is also doubled that indicated the direct relationship between the price level and money supply
Answer:
market
Explanation:
for the top one market is where they trade
Answer:
C. A price reduction that a producer gives to resellers to encourage
them to promote products
Explanation:
bcuz that's what advertising allowance is
Answer:
21.45%
Explanation:
Remaining amount to have $1,000,000 = $1,000,000 - $50,000 = $950,000
Using the interest rate function RATE(nper,pmt,pv,fv) in the excel, we obtain an interest rate of 21.45%
Where,
nper = number of period = 30
pmt = annual payment
pv = present value which has a default value of 0.
fv = future value = $950,000
Note: Find attached the excel sheet to see result.
ANSWER: C. lien
EXPLANATION: Lien provides the right to a lender to sell off the collateral to get back the principal if the borrower fails to repay. Lien is a conditional right of ownership to the lendor which bars the debtor to sell off the collateral without paying the lendor.
