What was funlandia velocity of money in 2021

Assignment Help Business Economics
Reference no: EM133328125

Question: Suppose there are two goods in Funlandia, cosmic brownles and pretzel buns. In 2021. Funlandia produced 200000 units of cosmic brownies and 40000 units of pretzel buns. The price of one pretzel bun is $2, while the price of one cosmic brownie is at $0.50. Assume Funlandia's central bank precisely controls money supply and sets it at $20000. What was Funlandia's velocity of money in 2021?

Reference no: EM133328125

Questions Cloud

How would service-oriented architecture help you : Imagine you run a financial services company. How would service-oriented architecture help you in running your business?
Trey azagthoth added lead guitar virtuosity to death metal : Morbid Angel's guitarist, Trey Azagthoth added lead guitar virtuosity to death metal. What was not among his techniques that he executed?
How valid do you think this way of looking at our human : tension between selfishness (thinking about oneself) and selflessness (thinking about others). How valid do you think this way of looking at our human/soft
What are the two detective controls : Roger realizes that he needs to improve the control activities related to inventory. He wants to start with the detective controls. What are the two detective
What was funlandia velocity of money in 2021 : Assume Funlandia's central bank precisely controls money supply and sets it at $20000. What was Funlandia's velocity of money in 2021?
Nelson Mandela rainbow nation : After thinking about everything that you learned in this class, do you think that Invictus showed the World Cup rugby game not as an accurate representation
Advise downsview inc. on whether they should refund : FINANCE FIN603 Seneca College Advise Downsview Inc. on whether they should refund their bonds giving the reason for your recommendation.
How the equilibrium real interest rate is determined : How the equilibrium real interest rate is determined, how that interest rate determines Net Financial Outflows, and how Net Financial Outflows and Net Exports
Negro revolution or black revolution : Does Malcolm consider the 1963 March on Washington an example of the Negro Revolution or the Black Revolution?

Reviews

Write a Review

Business Economics Questions & Answers

  Subject studied about supply and demand

In this homework, you must write in form of paragraphs in which you think about the subject studied about supply and demand.

  U-shaped average total cost curve implies what

A U-shaped average total cost curve implies what?

  Regarding the reserve requirements

If you establish the value of goods and services necessary to provide a minimum standard of living below which people are poor, you have come up with an income test that is called a(n): Which of the following is true regarding the reserve requirement..

  Scholastic aptitude test

Many schools require that applicants take a standardized test such as the Scholastic Aptitude Test (SAT). The math part of this test is scored

  Elucidate what is socially efficient quantity of public good

Elucidate what is the socially efficient quantity of the public goods. How much will each worker have to pay per unit to provide the socially efficient quantity.

  Calculate the expected number of games

Calculate the expected number of games, the variance, and the standard deviation for the number of games played in a world series.

  Soybean prices are going to rise

Eric wants to buy September soybean futures because he believes that soybean prices are going to rise. He enters an order to buy one contract at $8.7725/bushel. The brokerage firm is going to charge Eric $35 commission to trade the contract. Assume i..

  The overwhelming majority of federal cases

The overwhelming majority of federal cases are resolved in the _____.

  What is the expected return on the market portfolio

Suppose that the return on short-term government securities (perceived to be risk-free) is 5%. Suppose also that the expected return required by the market for a portfolio with a beta of 1.6 is 18%. According to the capital asset pricing model (CAPM)..

  Impact on aggregate expenditures and income

The U.S. dollar appreciates against the Euro. What is the impact on aggregate expenditures and income?

  Determine the probability

Consider a normally distributed random variable with a mean of 1000 and a standard deviation of 200. Determine the probability that the random variable is at le

  What is the effect on the market for peaches

The U.S. Surgeon General issues a report stating that tomatoes prevent colds. What is the effect on the market for tomatoes? b. A new type of robot is invented that will pick peaches. What is the effect on the market for peaches?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd