Money demand in an economy in which no interest is paid on money is md/p = 500 + 0.2y − 1000i (a)-suppose that p = 100, y = 1000, and i = 0.10. find real money demand, nominal money demand, and velocity. (b)- the price level doubles from p=100 to p=200. find real money demand, nominal money demand, and velocity. (c)- starting from the values of the variables given in part (a) and assuming that the money demand function as written holds, determine how velocity is affected by an increase in real income, by an increase in the nominal interest rate, and by an increase in the price level.

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

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What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.