The rationale for a monetary rule can be explained by using the equation of exchange if the changes in velocity equal the changes in the money supply and leave the price level (P) unchanged. velocity is assumed to be zero so that changes in the money supply equal changes in real output and leave the price level (P) unchanged. the changes in velocity equal the changes in real output and leave the price level (P) unchanged. velocity is assumed to be constant so that changes in the money supply equal changes in real output and leave the price level (P) unchanged. b. If velocity unexpectedly falls because of, say, a drop in investment spending by businesses, adherence to a monetary rule will require that there be a higher price level. cause interest rates to rise. not provide sufficient liquidity to provide for economic growth. result in too much liquidity to provide for economic growth.

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.