If the money supply increases and nominal GDP remains the same, then A. price level increases.
<h3>What is Money Supply?</h3>
This refers to the total amount of money that is in circulation in a country that usually increases spending.
Hence, an open market sale by the federal reserve will increase the interest rates because it would increase investment spending because an OMO sale decreases interest rates which make getting loans easier.
M= Money supply
V= Velocity
P- Price level
Y= nominal GDP
Hence, with the increase in the money supply, then there would be an increase in the price supply.
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Answer:
He said that science wasn't constantly approaching the truth.
Explanation:
Thomas Kuhn had a very different view when it came to science. Hope I have helped.
Answer:
<u>Benin-</u> A history of region which hold great information about the rich culture of an ancient cultures, as it was made target by the unfortunate act of slave trade. But, in the past the Benin's history of slavery is misrepresented by various historians.
<u>Due, two main reasons;</u>
- The west was all involved in the slave trade which occurred in the region, they did not wanted to highlight them just for the sake not to make them look bad.
- Along with that the analyst were facing difficulties in representing the history with a more clear words due to the forces present inside in Benin outside the region.
Explanation:
In the past an empire in Africa existed, it was rich and considered the most powerful in the region. As its ruler had the man power, along with the riches to defend there country. But, in the time when there came crises and people were made slaves as foreigner were there to purchase slaves from the leaders who are willing to let there people in exchange of gold and other favors from the Portuguese, Brits, and the french.
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