An increase in the velocity of the money refers to a situation when the rate of changing leads to hand rises and ultimately results in an increase in the price level, indicating an inflation.
<h3>What is velocity of money ?</h3>
Velocity of money refers to a method with the help of which the movement of the money in an economy can be measured. When the number of hands changing money increases, there is an economic growth.
So, option C; states that there is an increase in the velocity of money when the rate at which money changes hands rises, the price level also increases.
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Answer:
<em>The answer is 72,000 Meters.</em>
Explanation:
From the question given, let us recall:
Moccasin Company produces cotton shirts. =12,000
The unit quantity standard = 6 meters
The quantity used actually was = 0.50 meters per shirt
The next step is to determine the quantity of cloth that should be used for the actual output of 12,000 shirts.
Quantity of cloth that should be used
= 12,000 * 6 meters cloth per shirt
= 72,000 Meters
Answer:
$16.50
Explanation:
Note: The complete question is attached as picture below
We know that there is a total of 90 units of oil and 30 units is consumed in period 0.
So, in period 1, the consumption amount will be = 90-30=60 units.
So, Q1 = 192 - 8P
For 60 units, the price will be 60 = 192 - 8P
8P = 192 - 60
8P = 132
P = 132 / 8
P = 16.5
So, the price in period 1 is $16.50
Answer:
Income inequality ratio
Explanation:
The income inequality ratio is an incomplete picture because a single number cannot fully reflect the sources of the underlying differences in income.
Income inequality refers to the uneven distribution of income among the population of a particular place. It is the difference in the allocation of income in a particular country.
Income inequality occurs across different segments of the population such as gender(male and female), ethnic group, occupation, geographical location etc.
The Gini index is widely used to compare disparities in income.
Answer:
More money and enganment to whoever they're purchasing from.
Explanation:
