Business, 11.12.2019 22:31 animelover730

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence. a. what will be the value of each of the variables that make up the quantity equation? instructions: enter your answers as whole numbers. b. now indicate how the other variables will respond to each of the following scenarios, taking each case separately and assuming that velocity remains constant. instructions: enter your answers as whole numbers. (i) you increase the money supply to 4,000 and prices increase twofold. (ii) start with the initial values. real gdp drops to 500 wizcoins and the money supply remains constant. (iii) start with the initial values. prices increase threefold because of a sudden scarcity of soda, and you decide to keep the supply of wizcoins constant. (iv) start with the initial values. you increase the money supply to 5,000 wizcoins and prices rise by 350 percent.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 13:30

The average daily foreign exchange trading by banks around the world is closest to $ a. 1.5 trillion b. 1 trillion c. 600 billion d. 700 billion e. 1.3 trillion

Answers: 1

Answer

Business, 22.06.2019 01:40

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.

Answers: 1

Answer

Business, 22.06.2019 03:00

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

Answers: 2

Answer

Business, 22.06.2019 07:00

For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent

Answers: 3

Answer

You know the right answer?

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the cur...

Questions