Answer: Option (C) is correct.
Explanation:
Correct option: The price level and nominal wages.
According to the classical dichotomy, nominal variables moves proportionately with the quantity of money whereas real variables remains unchanged.
A classical model that is based on the flexibility of prices and wages, conclude that any changes in money supply only affects the nominal variables whereas real variables remains constant. This theory results in the independence of the real variables from any changes in the money supply and nominal variables.
Answer: B Explanation: both fred and carol (as a couple) must e-sign the return form or otherwise it may be tagged a fraudulent
Please give me brainliest
Answer:
The elasticity of demand for jelly beans is 1.80
Explanation:
The elasticity of demand is the principle of economic which is defined as the measure that extent the consumer response to the changes in the quantity demanded as a consequence of price change and being others factors are equal.
Computing the elasticity of demand for jelly beans as:
Elasticity of demand = Price Change / Quantity Change
where
Price Change is as:
Price = $1.60 + $2.00
= $3.60
Quantity change is as:
Quantity = 120 + 80
= 200
So,
Elasticity of demand = $3.60 / 200 × 100
Elasticity of demand = 1.80
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