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Author Question: According to the rule of 72, if you have 15,000 in an account that grows at the rate of 12 percent ... (Read 55 times)

mspears3

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  • Posts: 586
on: Jun 30, 2018
According to the rule of 72, if you have 15,000 in an account that grows at the rate of 12 percent annually, it will take approximately six years for the 15,000 to double to 30,000.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the equation of exchange, an increase in M of 8 percent could be accompanied by changes in velocity, the price level and real GDP of:
 a. 0, 4, 4.
 b. 0, 8, 0.
 c. 0, 0, 8.
 d. all of the above


efwsefaw

  • Sr. Member
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  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


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