What is different about the way money is suplied vs. the way gasoline is supplied?
The money supply in the economy is generally fixed at a level as set by the central bank of the nation, depending on the economic situation in the economy they will decrease or increase the money supply to suit the situation. UNlike the commodity market the money supply doesn't get finished when used once, so the constant supply of money in the market is not needed, we have velocity of money that determines how quickly money is changing hands.
Gasoline is a commodity in the market that get finished when consumed once so there are firms in the market that will maintain the supply of the good depending on the demand and the price level, when the price level increase the supply can increase and when the price decrease the supply decreases.
What is different about the way money is suplied vs. the way gasoline is supplied?
What do you think is different about the way Apple is organized compared to most high-tech firms?
please answer 1. What is "money"? 2. How does MMT differ from the way money is modeled by other schools of thought? 3. Specifically, how do Walras and Arrow & Debreu model money? 4. Does money have anything to do with institutions, or does money exist independently from an economy's institutions? Part B. Contrast the Schumpeter/Romer model and the Marxian model. Both deal with innovation and the intentional introduction of technological changes, but the motivations are somewhat different. Explain the...
The price elasticity of gasoline in the U.S. is 0.4. If the price of gasoline rises by 8% what is the expected change in the quantity of gasoline supplied in the U.S.
explain the elasticity of demand for items subject to sales tax vs gasoline or cigarettes.
If the quantity of money demanded is $300 billion and the quantity of money supplied is $200 billion, then A the interest rate will fall. B price index (level) will rise. C the interest rate will rise. D the interest rate will remain unchanged.
What is best way to promote education in a developing country? Discuss different justifications for intervening in the market for education and compare and contrast supply-side vs. demand-side approaches to promoting it. Be sure to highlight at least two specific policies and provide evidence of their effectiveness (or lack of effectiveness).
The average price of gasoline in Texas is currently about $2.50/??????. Assuming gasoline has a density of 2.7??/?????? and a heat of combustion of 45 ??/?? please answer the following two questions. How much energy does one gallon of gasoline deliver in ??? What is the cost of energy from this gasoline in $/???
Ceteris paribus, if the Fed was targeting the quantity of money supplied and money demand dropped, the Fed would likely do nothing. If the Fed was instead targeting interest rates and money demand dropped, the Fed would likely decrease the money supply.True/False
If the federal government taxes gasoline but returns the entire money back to citizens, are citizens better off, worse off, are unaffected by this policy? What could be the possible motivation for the government? a. b. For simplicity, assume that all citizens are identical in their income and preferences. Draw graph/s with gasoline on the X-axis and composite good on the Y-axis. Make sure the graph is large, neat and clear and easy to read. Explain your answer in terms...
Question 35 (5 points) What is the reactive power supplied by the voltage source? Vs = 103sin(wt) Volts w = 377 rad/s L = 389 mH R = 65 ohms Ba O Q = -171.3711 VARS O Q = -175.97 VARS OQ--387.9545 VARS OQ--294.5177 VARS O Q = -310.3569 VARS OQ--226.6979 VARS OQ--1194.3402 VARS OQ-41.3583 VARS OQ--582.0302 VARS O Q --30.2315 VARS