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sergejj [24]
3 years ago
9

(a) Explain the quantity theory and(b) how does the theory explains the cause of inflation​

Business
1 answer:
n200080 [17]3 years ago
5 0
The quantity theory is a framework to understand price changes in relation to the supply of money in an economy.

It assumes an increase in money supply creates inflation and vice versa.
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An example of an exclusive power is when _____. a local government collects taxes from a foreign business the united states sign
finlep [7]

Exclusive powers are the rights that ONLY that governing body has the ability to do.

A local government can collect taxes from a foreign business, but so can the federal and state governments.

The state cannot allows allow a business to operate in a city, if the city objects .

ONLY the US Federal Government can signs treaties with another country.

This is the only exclusive power in the choices listed.

3 0
3 years ago
In​ 1982-84 dollars, the real average hourly wage rate in 2003 was ​$8.28 and in 2004​, it was ​$8.24. In 2003​, the C
Rufina [12.5K]

Answer:

The nominal wage in 2003 = $15.22

The nominal wage in 2004 = $15.565

Explanation:

Inflation = [ ( CPI of 2003 - CPI of base year ) ÷ CPI of Base year ] × 100

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= 84%

Therefore,

The wage will increase by this inflation to be nominal

= 8.28 × (1.84)

= $15.23

Similarly

Inflation = [ ( CPI of 2004 - CPI of base year ) ÷ CPI of Base year ] × 100

= [ ( 188.9 - 100 ) ÷ 100 ] × 100

= 88.9%

Therefore,

The wage will increase by this inflation to be nominal

= 8.24 × (1.889)

= $15.565

Hence,

The nominal wage in 2003 = $15.22

The nominal wage in 2004 = $15.565

3 0
3 years ago
Elisa is 21 years of age and a full-time student living with her parents. She had wages of $680 ($75 of income tax withholding)
Nadya [2.5K]

Answer:

C) Yes, Elisa can file a tax return

Explanation:

As in the given situation Elisa could file a tax return as she is considered to be dependent as her age is less than 24 years also her income is lower than the taxable income so she can file her return herself in order to claim the return

Therefore as per the given situation the option c is correct

3 0
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Where is the Apple Pay Cash recipients money stored
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8 0
3 years ago
The faster economic growth​ is, the A. farther the production possibilities curve shifts out. B. steeper the slope of the produc
AleksandrR [38]

Answer:

The correct answer is option A.

Explanation:

A production possibility curve shows the maximum possible combination of two goods that can be produced using all the available resources and state of technology.

An increase in economic growth causes the production possibility curve to shift to the right. The faster the economic growth the more the economy will be able to produce. So the farther the production possibilities curve will shift out.

6 0
3 years ago
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