it is possible that trade based on external scale economies may leave a country worse off than it would have been without trade. explain how this could happen.
Answers
Trade is an important activity that enables countries to exchange goods and services with one another. External scale economies are those that can only be achieved if a particular level of production or a certain level of demand is reached by a company or industry.
The presence of external economies of scale in a particular industry can help to increase production efficiency and reduce the cost of production for a company. External economies of scale can be driven by a number of factors, including access to specialized labor, better technology, or larger markets. When it comes to trade, countries may engage in this activity to take advantage of external economies of scale. They may do this by exporting goods and services to other countries or by importing goods and services from other countries. This can lead to increased trade and can also result in countries specializing in the production of certain goods or services.
While trade can be beneficial for countries, it is possible that trade based on external scale economies may leave a country worse off than it would have been without trade. This could happen in several ways. First, if a country is unable to achieve the minimum level of production or demand required to benefit from external economies of scale, it may be left at a disadvantage when trading with other countries. Second, if a country becomes too specialized in the production of certain goods or services, it may become overly dependent on these products and may be vulnerable to fluctuations in demand or changes in the market.
Finally, if trade is not conducted fairly or if certain countries engage in protectionist policies, it may lead to a situation where some countries benefit more from trade than others. In conclusion, while trade can be beneficial for countries that are able to take advantage of external economies of scale, it is important for countries to carefully consider the potential risks and drawbacks of engaging in trade activities.
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Related Questions
Suppose that your population model is yi=0+1*xi+i for each i. Under what assumptions is the OLS estimator b1 for 1 BLUE and discuss what affects the efficiency of b1.
Answers
The efficiency of the OLS estimator is affected by the following: Sample size, Variation in the independent variable, Heteroscedasticity, and Correlation between the independent variables.
The Ordinary Least Squares (OLS) estimator is the most widely used technique to estimate the linear regression model parameters. It's the most efficient unbiased estimator (BLUE) when the following assumptions are met:
1. Linearity: The population model is linear in parameters.
2. Independence: Errors (i) are independent of each other.
3. Normality: The distribution of errors (i) is normal.
4. Homoscedasticity: The errors (i) have the same variance.
5. No Auto-correlation: No autocorrelation exists between errors (i).These assumptions ensure that OLS is the best estimator among all linear and unbiased estimators for
1. When the assumptions are satisfied, OLS will be BLUE, with the variance of the error being the lowest possible. The efficiency of the OLS estimator is affected by the following:
1. Sample size: The larger the sample size, the lower the variance of the estimator.
2. Variation in the independent variable: More variation in the independent variable makes it easier to estimate the dependent variable and hence lowers the variance of the estimator.
3. Heteroscedasticity: When the error variance is not constant across different values of the independent variable, the variance of the estimator increases, and hence, the efficiency of the estimator decreases.
4. Correlation between the independent variables: When the independent variables are highly correlated, the variance of the estimator increases, and hence, the efficiency of the estimator decreases.
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PLEASE HELP ME!!!!! I need to know the best ways to make a small business known. I just started a small Scentsy® business with my mom. I don't do social media and my moms is mainly her private friends even though it is public.
Answers
Answer:
Buy ads and get social media
Explanation:
Today's marketers see information not only as a tool for input for better decision-making, but also as ___________________________.
Answers
Today's marketers see information not only as a tool for input for better decision-making but also as an important strategic asset and marketing tool
Who is a marketer?A person or business that promotes or advertises something
An employee who works in marketing is in charge of establishing a connection between the client and the good or service that the business is providing.
By keeping enormous inventories of products for supply or by effectively marketing the product to encourage large sales, this participation is attained.
When marketers enter the mix, though, a significant muddle results. Despite the fact that the terms sound relatively similar, there are a lot of significant differences.
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Give examples of the ways in which each of the five factors of production can affect the business performance of McDonald's or Walmart.
Answers
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Give examples of the ways in which each of the five factors of production can affect the business performance of McDonald's or Walmart.
what is svfc yahoo finance
Answers
Svfc Yahoo Finance is a financial news and data website that provides information about stocks, market trends, and investment opportunities. It is a part of the larger Yahoo! Finance platform, which offers a variety of tools and resources for investors, including stock quotes, company profiles, financial news, and more.
On Svfc Yahoo Finance, users can access information about the SVFC stock, including its current price, market capitalization, and trading volume. They can also view historical data, financial statements, and news related to the company.
In addition to providing information about SVFC, Yahoo Finance also offers tools and resources for tracking other stocks, managing portfolios, and conducting research on different investment opportunities. Whether you are a seasoned investor or just getting started, Svfc Yahoo Finance can be a valuable resource for staying informed about the financial markets and making informed investment decisions.
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__________ communication can significantly enhance an organization's reputation, productivity, community support, and economic success.
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External communication, when performed effectively, is capable of improving organizational processes and their marketing success.
What is external communication?Corresponds to communication carried out outside the organization, with the aim of attracting consumers, customers and partners, increasing competitiveness and positioning in the active market.
Therefore, the external communication department is responsible for exchanging information with the macro-environment in line with the company's values and objectives, seeking strategic advantages.
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a billboard for nike appears in the game you are playing. this is an example of a(n) ________.
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A billboard for Nike appearing in a game that you are playing is an example of in-game advertising.
In-game advertising is the placement of advertisements within a video game such as billboards, posters, or product placements, within a digital game environment. It is a form of advertising that is becoming increasingly popular due to the growing number of people playing video games. In-game ads can appear in a variety of forms, including billboards, posters, branded products, and even as part of the game itself. They are used by advertisers to reach a captive audience and to create a more immersive experience for players.
While some players may find in-game ads intrusive, they are a way for game developers to generate revenue and offset the high costs of game development. In-game advertising has become increasingly popular in recent years, as it provides advertisers with a unique and immersive way to connect with consumers.
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Santana Rey of Business Solutions is evaluating her inventory to determine whether it must be adjusted based on lower of cost or market rules. Business Solutions has three different types of software in its inventory, and the following information is available for each.
Inventory Items Units (Per Unit) Cost (Per Unit) Market (Per Unit)
Office productivity 6 $86 $84
Desktop publishing 5 114 110
Accouting 6 100 106
Required:
Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to inventory as a whole and lower of cost or market rule to each product in inventory. Must Rey adjust the reported inventory value?
Answers
The lower of cost or market rule for ending inventory is shown below Lower of cost or market for ending inventory Inventory Items Units (Per Unit) Cost (Per Unit) Market (Per Unit) Total Value of Inventory Office productivity 6 $86 $84 $516 Desktop publishing Accounting.
Total value of inventory using cost = $1,686Total value of inventory using market = $1,654Since the market value is less than the cost value, the lower of cost or market value for ending inventory is $1,654. This adjustment is required since the market value is less than the cost value.
The lower of cost or market rule for ending inventory is shown below Lower of cost or market for ending inventory Inventory Items Units (Per Unit) Cost (Per Unit) Market (Per Unit) Total Value of Inventory Office productivity 6 $86 $84 $516 Desktop publishing 5 114 110 570 Accounting 6 100 106 600Total value of inventory using cost = $1,686Total value of inventory using market = $1,654Since the market value is less than the cost value, the lower of cost or market value for ending inventory is $1,654. This adjustment is required since the market value is less than the cost value. The inventory items are evaluated individually below Office productivity: The cost is less than the market value. Thus, the lower of cost or market value for the office productivity is $516. Desktop publishing: The cost is less than the market value. Thus, the lower of cost or market value for desktop publishing is $570.Accounting: The cost is greater than the market value. Thus, the lower of cost or market value for accounting is $600.Therefore, if Rey applies the lower of cost or market rule to inventory as a whole, the reported inventory value must be adjusted to $1,654. Similarly, the reported inventory value must be adjusted if Rey applies the lower of cost or market rule to each product in inventory.
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If you were to open up a business, how many hours would you be open ?
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Find the total balance of each investment account earning simple annual interest. A: $624 at 5% for 3 years B: $4,120 at 7% for 18 months C: $900 at 3. 1% for 6 months D: $275 at 4. 8% for 8 years.
Answers
Answer:
formula: Interest = P * R * T /100
Apply it in every part.
A) I = 624 * 5 * 3 / 100
I = 9360/100
I = 93.60
So, Total amount = 93.60 + 624 = $717.60
B) I = 4120 * 7 * 3 / 2*100
I = 86520 / 200
I = 432.60
So, Total amount = 432.60 + 4120 = $4552.60
C) I = 900 * 3.1 * 1 / 2 * 100
I = 2790 / 200
I = 13.95
So, Total Amount = 13.95 + 900 = $913.95
D) I = 275 * 4.8 * 8 /100
I = 10560 / 100
I = 105.60
So, Total amount = 105.60 + 275 = $380.60
Explanation:
By focusing on target profit pricing or target return pricing, a firm is using a ________ pricing approach.
Answers
By focusing on target profit pricing or target return pricing, a firm is using a profit-oriented pricing approach. With a profit-oriented pricing strategy, we will determine the price of our product in accordance with a specific profit objective.
That could be a target return, which means we want to the earn a specific percentage on each unit sold, or it could indicate we want to make the most money possible. When a corporation has a profit-oriented pricing purpose, it means that it wants to the maximize profits from each sale or service it offers while achieving long-term the corporate viability.
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What data do economists use to calculate the real GDP of a nation? Data Economists Use Drag appropriate answer(s) here market values unemployment rate income tax rate price level Drag appropriate answer(s) he Not Data Economists Use
Answers
Economists use market values, price level, and unemployment rate to calculate the real GDP of a
nation. Income tax rate is not directly used in calculating the real GDP, but it can indirectly affect the overall economic activity and thus the GDP.
How to
To calculate the real GDP of a nation, economists primarily use market values, price level, and income tax rate. They do not use unemployment rate for this specific calculation.
1. Market values: Economists gather data on the market values of all final goods and services produced within a country during a specific time period, typically a year.
2. Price level: Economists adjust the market values using a price index, such as the GDP deflator, to account for inflation or deflation. This step helps to compare GDP data across different years.
3. Income tax rate: Although not directly used in the calculation of real GDP, income tax data is essential for understanding the government's revenue and the overall economic activity in the country.
By focusing on market values and price level, economists are able to calculate the real GDP of a nation, providing a more accurate representation of economic growth and performance.
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When determining a country's real GDP, economists take into account market values, price levels, and unemployment rates. Although the income tax rate is not directly taken into account when determining the real GDP, it can have an indirect impact on total economic activity and the GDP.
For a country's actual GDP calculation:
1. Market values: Economists compile information on the market values of all finished products produced in a nation during a given time period, usually a year.
2. Price level: To account for inflation or deflation, economists modify market values using a price index, such as the GDP deflator. This process aids in comparing GDP statistics from several years.
3. Income tax rate: Income tax information is crucial for comprehending the government's revenue and the nation's total economic activity, even if it is not directly included in the calculation of real GDP.
Economists may determine a country's real GDP by focusing on market values and price levels, giving a more realistic picture of economic development and performance.
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An opinion poll was conducted to find the reaction to a proposed civic reform in 100 members of each of the two political parties. The information is tabulated below:
Favourable Unfavourable. Indifferent
Party A 40 30. 30
Party B. 42. 28. 30
Test for independence of reaction with the
affiliations.
Answers
In order to test the independence of reaction with affiliations in an opinion poll, the chi-square test for independence is used. To conduct a chi-square test for independence of reaction with affiliations: Table of observed frequencies is generated for each political party Frequencies are converted into percentages.
Calculations are made based on the null hypothesis A table of expected values is generated based on the null hypothesis Observed values are compared to the expected values to determine the deviation from the null hypothesis .A chi-square test statistic is calculated based on the deviation from the null hypothesis. The obtained test statistic is compared to the chi-square distribution table to find the level of significance. Test for independence of reaction with affiliations: Party A Favorable different - 30Total - 100PartyBFavorable - 42,28, Indifferent - 30Total - 100The total sample size is 200. Frequencies can be converted into percentages as follows: Party A: Favorable - 40%, 30%, Indifferent - 30%.Party B: Favorable - 42%, - 28%, Indifferent - 30%.The null hypothesis states that there is no association between affiliations and reactions to a proposed civic reform.
The observed values and expected values are as follows: Observed Values Expected Values (Under the Null Hypothesis)PartyAFavorable30Unfavourable30Indifferent40Total 100PartyBFavorable30Unfavourable30Indifferent40Total 100Using the formula for the chi-square test statistic:χ2 = ∑ (O − E)² / E Where O is the observed value, E is the expected value, and ∑ is the sum of all values. The test statistic is calculated as follows:χ2 = [(40 - 30)² / 30] + [(30 - 30)² / 30] + [(30 - 40)² / 40] + [(42 - 30)² / 30] + [(28 - 30)² / 30] + [(30 - 40)² / 40]χ2 = (100/3) + (10/3) + (25/4) + (144/3) + (4/3) + (25/4)χ2 = 34.25The degrees of freedom () for the chi-square test for independence of reaction with affiliations is calculated as:(r-1) (c-1) = (2-1) (3-1) = 2 degrees of freedom. To determine the level of significance, the obtained test statistic is compared to the chi-square distribution table for 2 degrees of freedom at the desired level of significance. At the 0.05 level of significance, the critical value is 5.991. Since the obtained test statistic (χ2 = 34.25) is greater than the critical value (5.991), we reject the null hypothesis. Therefore, there is a significant association between affiliations and reactions to a proposed civic reform.
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Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
Answers
The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.
An oligopoly is a market condition where the possibility of firms colluding with each other exists.Firms in this market are interdependent, especially with regards to pricing.
Oligopolistic firms differentiate their products, and they have few producers.There are barriers to entry.
Thus, an oligopoly limits entries to a few key players who dominate the market.
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Answer:
B: It has significant barriers to entry.
E: It depends on brand loyalty and image to generate sales.
F: It is dominated by a few key players.
When the parties to a contract have not expressly negotiated particular terms to a contract. Article 2 of the UCC will:
Answers
When parties to a contract have not expressly negotiated particular terms, Article 2 of the Uniform Commercial Code comes into play. This legal framework governs transactions involving the sale of goods and aims to facilitate commerce by providing rules for such transactions.
In situations where specific terms are not negotiated, Article 2 fills in the gaps by implying certain default provisions. These provisions help ensure that the contract is still enforceable and clear, even without expressly negotiated terms. Some key default provisions under Article 2 include the following:
1. Price: If the parties have not agreed on a price, the UCC sets the price as a reasonable one at the time of delivery (Section 2-305).
2. Delivery: In the absence of specified delivery terms, the UCC requires that the goods be delivered at the seller's place of business or residence (Section 2-308).
3. Time for performance: If the contract does not specify a time for performance, the UCC implies that performance should occur within a reasonable time (Section 2-309).
4. Warranty: Article 2 implies certain warranties in contracts for the sale of goods, such as the warranty of merchantability and the warranty of fitness for a particular purpose, unless the parties agree otherwise (Sections 2-314 and 2-315).
Overall, Article 2 of the UCC helps provide clarity and legal enforceability in contracts for the sale of goods where specific terms have not been negotiated. By implying default provisions, it ensures that such contracts remain functional and adhere to standardized rules, promoting efficient and fair business practices.
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Help me with this please.
Answers
Answer:
its customer service and desion making
Explanation:
hope it help btw i search it up and it said that so its right
Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Answers
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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What are some changes that have happened in society that have affected the growth of the childcare profession?
Include one change from each area:
• employer
• Education attitudes
• Educational studies
• Benefits to the economy
Answers
Answer:
More mothers would increase their earnings and seek new job opportunities if they had greater access to reliable and affordable child care.
Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Answers
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
What did the large medical bill of $55,543 cover? What are three examples of health care expenses after surgery for appendicitis?
Answers
The large medical bill of $55,543 covered the surgery for appendicitis and the treatments received.
How does health insurance operate?A health insurance plan or policy pays a portion of the costs associated with hospital stays and doctor appointments. It exists to assist with reducing the expenses of medical occurrences, whether they are anticipated or unanticipated.
Depending on your age and income, the insurance provider will decide how much you will pay for your health insurance premium. In order to maintain your health and treat illnesses and accidents, health insurance is necessary. Having health insurance shields you and your family from financial hardships, which is only one of its many advantages.
Three examples of healthcare expenses after the surgery for appendicitis are the surgeon fees, the check-up cost, and the cost of hospital stay.
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Scientists assign each kind of organism a universally accepted name in the system known as:.
Answers
The correct answer is The correct answer is binomial nomenclature.
Explanation:
When a new species of live organism is found, it is given a name using the binomial system...
Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.
Answers
The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
The following information is relevant:
The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
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Which group of people has the highest unemployment in South Africa.
Answers
Answer:
youth...I hope its helpful
Is there any budget category Tristan should be concerned about? Explain your answer.
Answers
The specific budget category Tristan should be concerned about depends on his individual financial situation. However, common categories that individuals need to monitor closely include housing, transportation, debt repayment, groceries and dining out, and entertainment and recreation.
However, there are some common budget categories that individuals generally need to pay close attention to. Here are a few examples:
Housing: Housing expenses, including rent or mortgage payments, utilities, and maintenance costs, often comprise a significant portion of an individual's budget. It is crucial for Tristan to ensure that he can afford his housing expenses without straining his overall budget.
Transportation: Transportation costs, such as car payments, fuel, insurance, and maintenance, can add up quickly. Tristan should evaluate his transportation needs and consider more cost-effective alternatives if necessary, such as using public transportation or carpooling.
Debt Repayment: If Tristan has any outstanding debts, such as credit card debt or student loans, it is important for him to prioritize debt repayment and allocate a portion of his budget towards paying off these obligations. High-interest debts can accumulate quickly and hinder long-term financial stability.
Groceries and Dining Out: Food expenses can vary significantly depending on personal preferences and lifestyle choices. Tristan should monitor his grocery spending and evaluate whether dining out is within his budget. Meal planning and cooking at home can help reduce costs in this category.
Entertainment and Recreation: While it is important to enjoy leisure activities, Tristan should be mindful of his entertainment and recreational expenses. It may be necessary to set a limit on discretionary spending in this category to ensure overall financial well-being.
It's crucial for Tristan to assess his income, expenses, and financial goals to determine which budget categories require the most attention.
By tracking his expenses, setting realistic financial goals, and making necessary adjustments, Tristan can ensure he is effectively managing his budget and addressing any potential areas of concern.
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4941551496 p.a.ssw.ord yaP2D2
CO.ME FA.ST ON ZO.O.M
Answers
Answer:
WHY FAST?
Explanation:
The Federal Reserve uses ____ when it lowers the interest rate charged to banks on short-term loans.
Answers
There are different ways to keep money. The Federal Reserve uses fiscal policy when it lowers the interest rate charged to banks on short-term loans.
What is fiscal policy?Fiscal policy is simply known as a kind of policy where there is the use of government spending and taxation to influence some alterations in the economy.
Governments often use fiscal policy to boast strong and sustainable growth and lower the rate of poverty in the country.
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Teal Corp. has been having trouble. The last dividend was $2.86, and it's projected to fall 3% per year indefinitely. If the required return is 6%, what is Teal Corp.'s stock price? $30.52 $30.82 $30.60 $31.02
Answers
Teal Corp.'s stock price is approximately $31.78. None of the given answer choices match the calculated stock price of $31.78.
To determine Teal Corp.'s stock price, we can use the Gordon Growth Model, also known as the Dividend Discount Model (DDM). The formula for the Gordon Growth Model is as follows:
Stock Price = Dividend / (Required Return - Dividend Growth Rate)
Last dividend: $2.86
Dividend growth rate: -3% (falling 3% per year)
Required return: 6%
Substituting the values into the formula:
Stock Price = $2.86 / (0.06 - (-0.03))
Stock Price = $2.86 / 0.09
Stock Price ≈ $31.78
Therefore, Teal Corp.'s stock price is approximately $31.78.
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c. Analyse why trade unions are likely to welcome an increase in the money supply. (6)
Answers
Answer:
Prolonged inflation educates trade-union leaders to bargain in real terms by allowing for expected price movements, so that incomes rapidly adjust to, or even anticipate, changes in the price level.
I am not sure about this answer.
Increased money supply often results in lower interest rates, which encourages more investment and more money in consumers' hands, which in turn increases consumption. Trade unions respond by increasing their orders for raw materials and increasing production.
What is Trade Union?A trade union commonly referred to as a union, is a group of employees who are dedicated to "maintaining or improving the conditions of their employment," such as obtaining better wages and benefits, improving working conditions, raising safety standards, establishing complaint procedures, and creating rules governing employees' status (rules governing promotions, just-cause conditions for termination, etc.).
They also work to protect the integrity of their trade by increasing bargaining power.
The trade union negotiates labor contracts (also known as collective bargaining agreements) with employers on behalf of its members, known as the rank-and-file, through an elected leadership and negotiating committee.
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everything else held constant, in the market for reserves, when the federal funds rate is 3%, lowering the discount rate from 5% to 4%
Answers
When the federal funds rate in the market for reserves is 3%, dropping the discount rate from 5% to 4% decreases the federal funds rate, everything else being equal.
What are federal fund rates?The Federal Open Market Committee's (FOMC) target interest rate is referred to as the federal funds rate (FOMC). The rate at which commercial banks overnight lend and borrow each other's surplus reserves is the aim.
The FOMC, the Federal Reserve System's decision-making body, convenes eight times a year to determine the target federal funds rate, a component of its monetary policy. This aids in fostering economic expansion.
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