This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose Y = 100, P = 80, and V = 3.2. If Y rises to 105, and the inflation rate is 10 percent, what ... (Read 46 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Suppose Y = 100, P = 80, and V = 3.2. If Y rises to 105, and the inflation rate is 10 percent, what is the new value of M?
 
  What will be an ideal response?

Question 2

One factor which did not influence the levels of real output and employment in the classical system was the
 
  a. stock of capital.
  b. level of technology.
  c. the price level.
  d. size of the labor force.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

105  88 = 9,240 = M  3.2. M = 2,887.5. Equivalently, 100  80 = M  3.2, so M = 2,500. Since P  Y rises from 8,000 to 9,240, an increase of 15.5, M must rise by 15.5 = 2,500  1.155 = 2,887.5

Answer to Question 2

C


ss2343

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Acceptable ranges of heart rate Acceptable ranges of heart rate
Sample Workout in the Target Heart Rate Range Sample Workout in the Target Heart Rate Range
Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ... Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ...
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Percent of oxygen in the atmosphere versus altitude. Percent of oxygen in the atmosphere versus altitude.
What rate, compounded once every 3 years, is equivalent to 9% effective rate? What rate, compounded once every 3 years, is equivalent to 9% effective rate?
Video: Cataract

For a complete list of videos, visit our video library