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Deflation
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∙ 10y ago
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In which situations is it certain that the quantity of money demand by the public will decrease?
nominal GDP decreases and the interest rate decreases
What is Economic society?
The whole society that spend money and earn money for their spesific purposes is called economic society.
Does the precautionary demand for money decreases as the interest rate decreases?
Decreases when the inflation rate increases
In a capitalist system who controls economic activity?
The Capitalists. All the wealth in the world decreases in hands until you are left with only a small group of people with the majority of money.
How does raising the discount rate affect the money supply?
Decreases the money supply
In which situations is it certain that the quantity of money demand by the public will decrease?
nominal GDP decreases and the interest rate decreases
What is an economic situiton that occurs when the value of a country's money decreases?
Inflation.
What is Economic society?
The whole society that spend money and earn money for their spesific purposes is called economic society.
If you owe money to a person what is your economic condition called?
Debt.
The present value of a perpetuity decreases when what decreases?
When the value of money decreases (inflation)
Does the precautionary demand for money decreases as the interest rate decreases?
Decreases when the inflation rate increases
In a capitalist system who controls economic activity?
The Capitalists. All the wealth in the world decreases in hands until you are left with only a small group of people with the majority of money.
What is the average sentence for using fake money?
Fake money is called counterfeit and it is illegal to use it for purchasing something, but it can be used in theatrical situations.
Why business people now use spreadsheet?
Spreadsheet programs are a convenient way to tabulate data (possibly sales and expense figures) then can forecast potential situations. Like 'what if' our sales decreases by 5% but expenses stay the same, are we going to be losing money, or just making less money. Or how about: we increase prices by 5% and volume decreases by 8%, how does that affect bottom line.
How does raising the discount rate affect the money supply?
Decreases the money supply
What happens when GDP decreases?
theres less money
What is the difference between economic and economical?
Economic = to do with money Economical = something that is money-saving
