Business, 08.11.2019 22:31 sillyvanna
Suppose that this year's money supply is $500 billion, nominal gdp is $10 trillion, and real gdp is $5 trillion. a. what is the price level? what is the velocity of money? b. suppose that velocity is constant and the economy's output of goods and services rises by 5 percent each year. what will happen to nominal gdp and the price level next year if the fed keeps the money supply constant? c. what money supply should the fed set next year if it wants to keep the price level stable? d. what money supply should the fed set next year if it wants inflation of 10 percent?
Answers: 1
Business, 23.06.2019 00:10, gisset9
Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to:
Answers: 2
Business, 23.06.2019 00:50, allimaycatp8qgaq
Aproduction department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending work in process inventory. the units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Answers: 3
Business, 23.06.2019 01:30, stranger123
At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?
Answers: 2
Suppose that this year's money supply is $500 billion, nominal gdp is $10 trillion, and real gdp is...
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