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Galina-37 [17]
3 years ago
6

Consider nominal GDP is 1500 and the money supply is 400. Instructions: Enter numerical values to two decimal places. a) What is

the velocity? V = 3.75 b) If nominal GDP rises to 1600, but the money supply does not change, how has velocity changed? Velocity will (increase/decrease) increases by 4-3.75 to V = 0.25 c) If GDP now falls back to 1500 and the money supply falls to 350, what is velocity? V = 4.29
Business
1 answer:
amid [387]3 years ago
3 0

Answer:

a. V=3.75

b. Velocity increases by 0.25

c. Velocity is 4.29

Explanation:

a)  the equation of exchange in the market is:

MV=PY

M=money supply

V=velocity

PY=nominal GDP

V=PY/V

V=1500/400=3.75

the velocity is 3.75

b)

V=1600/400

=4

the velocity increases by =4-3.75=0.25

c)

V=1500/350

=4.28571429

=4.29

the velocity is 4.29

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Explanation:

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3 years ago
Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible preferred stock outstanding
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Answer:

$2.73

Explanation:

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Diluted Earnings Per Share = $420,000 ÷ 154,000 = $2.73

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Rudyard's diluted EPS is $2.73

7 0
2 years ago
Rajiv loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during it
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Answer:

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true

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6 0
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Implied warranty is when there are presumed assurance of the performance of a product due to the circumstances of the sale. For example when one purchases a television the assumption is that the television will work. This is the implied warranty when making a purchase.

In this instance Sylvania sells light bulbs and the buyer assumes that the bulbs are safe to use, and will last for a good period of time before they fail.

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7 0
3 years ago
A company handbook states that employees will be given warnings for three instances of arriving late for work, after which they
zhenek [66]

Answer:

"at-will" simply means the employer can let you go without cause

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