Armendariz1
06.12.2019 •
Business
Alikely outcome of increased self-knowledge is
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Ответ:
- you get an ability to compensate your weakness
- You can spot your competition weakness
- You gain self confidence
- You are cut out to solve a wide variety of problems
Ответ:
The price level doubles.
Explanation:
The market for money is like any other market for goods or services, except that in this specific market, the Fed is a monopoly and everyone else are the consumers. If the demand for money increases, while the supply remains the same, the nominal value of money increases (interest rate increases). This combination of higher demand and higher costs increase the inflation rate which represents the general price level.
The inflation rate basically shows us the difference between the demand for money and the supply of money, and if that difference is two times, then the inflation rate will also double. When the inflation rate ,doubles, it means that the general price level doubles.