1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erica [24]
3 years ago
12

If the money supply is $60 billion, the velocity of money is 7, and real GDP is $336 billion, then the price level equals:

Business
1 answer:
attashe74 [19]3 years ago
5 0

Answer:

$1.25

Explanation:

According to the quantity theory of money

money supply x velocity = real gdp x price

7 x 60 = 336 x p

p -1.25

velocity measures how fast money changes hand in the economy

real GDP is gdp adjusted for inflation

You might be interested in
KST Mart has large amounts of customer data. To understand customer purchase behavior, the company uses a process that automatic
Anton [14]

Answer:

B) data mining

Explanation:

Data Mining refers to the process of discovering patterns in large data sets using techniques like machine learning, statistics or database systems. The company uses this process to turn raw data into useful information for marketing , sales or cost management.

7 0
3 years ago
Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: Increase in estimated ret
Dvinal [7]

Answer:

$873,200

Explanation:

The computation of the cost of merchandise sold is shown below:

= Merchandise inventory, July 1  + Purchases - Purchases returns and allowances - Purchases discounts - Freight in - Merchandise inventory, July 31

= $49,300 + $985,500 - $33,500 - $19,700 - $13,800 - $94,600

= $873,200

We simply added the purchase amount and deduct all other items except Increase in estimated returns inventory to the opening balance of merchandise inventory

4 0
4 years ago
Taylor takes her employees' opinions into consideration via reasoning and discussion when making departmental decisions. Which o
qwelly [4]

Answer:

A. Flexible

Explanation:

Taylor takes her employees' opinions into consideration via reasoning and discussion when making departmental decisions. She is very much flexible  with her role models. She listens to her employees, takes advises from them and then accordingly make divisions. She is the best example of a leader who learn from others and make plans with the help of others in the changing situations. An effective leader and manager should be flexible in order to make their employees and followers comfortable with them. In this way, they can share and coordinate quite effectively.  

6 0
3 years ago
2. A welder and a carpenter decided to get out of the construction industry and build farm trailers instead. From building a few
Firlakuza [10]

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

Material Cost Per Trailer = $500

Material Cost plus Profit Per Trailer (15%)  = $500 + 75 = $575

Selling Price = $1000

Labor Cost Remaining Per Trailer = $425

Formula to Calculate the number of Trailers:

X = X1 (N^{S})

Where,

N = number of Trailers

S = Slope Parameter

X = $425

X1 = $700

So, First we need to find the slope parameter, in order to calculate the number of trailers to be built.

S = \frac{log \alpha }{log 2}

where, α = 0.85 rate of improvement.

Plugging in the values into the formula, we get:

S = \frac{log (0.85) }{log 2}

S = -0.234

Now, we can easily find the number of trailers.

X = X1 (N^{S})

Plugging in the values,

425 = 700 x (N^{-0.234})

Solving For N, we get:

N = 8.4 Trailers

N = 9 Trailers.

Hence, 9 Trailers must be built in order to realize this rate of profit.

8 0
3 years ago
Information regarding income levels, education, occupation, and ethnic groups in your target market is called A. demographics. B
Ganezh [65]
The answer is "A" (demographics) just took the PF test

8 0
3 years ago
Read 2 more answers
Other questions:
  • Hueblue software, an application provider to the gaming industry, decided to enhance its portfolio by developing motion-control-
    10·1 answer
  • Susan can bake 200 cookies in an hour or watch her favorite tv show. If she chooses to watch her show, her opportunity cost is
    12·1 answer
  • eBay's customers enrich the website by reviewing products that they purchase. These reviews are used by buyers to evaluate selle
    6·1 answer
  • Federal subsidies that are only given to dairy farmers who own more than one hundred cows may raise concerns about the ______ of
    8·1 answer
  • Grades are low in your biology class, so your professor offers an optional 10-point extra-credit assignment. Most of the student
    13·1 answer
  • Sunshine's Organic Market sells organic produce. Assume that labor is the only input that varies for the firm. The store manager
    7·1 answer
  • Shortcomings of the dividend pricing models suggest that we need a pricing model that is more inclusivethan the dividend models
    10·2 answers
  • The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7.
    10·1 answer
  • How was everyone's day?
    9·2 answers
  • Identify something you buy or sell that could be bought or sold using an auction. How would you run the auction? Do a benefit-co
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!