Homework Answers
Due to presence of HOMEWORKLIB POLICY, I am answering 4 questions.
Question 1.
Ans: Both 1 and 2 are false.
Explanation: Money value is the amount of goods and services it can purchase and money is the most liquid asset.
Question 2.
Ans: consumer nondurable goods.
Explanation: These are goods consumed by consumers for utility, not to produce something using them in production process.
Question 3.
Ans: A lighthouse.
Explanation: It is non-rival and non-excludable.
Question 4.
Ans: The rate of profits of Hyperion Coffee.
Explanation: This belongs to a single firm and not to aggregate economic health.
If you are satisfied with the answer, please provide a positive rating. Feel free to comment in case of queries.
Have a nice day ahead!
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QUESTION 12
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QUESTION 12
Suppose that Japan’s Central Bank announces it wants to target
an inflation rate of at least 2%, and that real GDP growth in the
economy is 1%. Assume that velocity is constant. Then money growth
must be at least
4%
2%
None of the above/below
3%
1%
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