Money demand in an economy in which no interest is paid on money is: StartFraction Upper B Superscript d Over Upper P EndFraction equals 500 plus 0.2 Upper Y minus 1000 i , where Y is real income and i is the nominal interest rate. a. Suppose that P = 50, Y =1 comma 250 , and i = 0.06. Calculate the following: Real money demand: nothing Nominal money demand: nothing Velocity: nothing (use whole numbers for the answers to both money demand questions but use two decimal places for the answer about velocity) b. The price level doubles from P = 50 to P = 100. Recalculate the values for these three variables: Real money demand: nothing Nominal money demand: nothing Velocity: nothing (use whole numbers for the answers to both money demand questions but use two decimal places for the answer about velocity)

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?