When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is <u>low </u>so the quantity of money demanded will be <u>high</u>.
If interest rates go up, the demand for money will go down. Once it equals the new money supply, there will be no more difference between how much money people are holding and how much they want to keep, and the story is over. This is why (and how) a decline in the money supply raises interest rates.
As interest rates rise, the amount of money demanded decreases because the opportunity cost of holding money decreases. As interest rates rise, aggregate demand shifts to the left. The interest rate effect arises from the idea that higher price levels reduce the real value of household holdings.
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Answer:
Transnational:
In the context of the types of organizations that do business across national borders, the architecture of the global information system (GIS) in a(n) <u>transnational</u> structure requires a higher level of standardization and uniformity for global efficiency, and yet it must maintain local responsiveness
Explanation:
Organisations have the following <u>transnational</u> characteristics:
- Parent and all subsidiaries work together in designing policies, procedures, and logistics
- Usually focuses on optimizing supply sources and using advantages available in subsidiary locations
- Architecture requires a higher level of standardization and uniformity for global efficiency (but must maintain local responsiveness)
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Global information system (GIS):
A global information system (GIS) is an information system which is developed and / or used in a global context. A global information system (GIS) is any information system which attempts to deliver the totality of measurable data worldwide within a defined context.
Answer:
c.nominal GDP but not real GDP.
Explanation:
Nominal GDP is total output produced in an economy multipled by current year prices.
Real GDP is total output produced in an economy multipled by base year prices.
Real GDP has been adjusted for inflation and it thus not affected by price increase.
If only price increases and not output, only nominal GDP increases.
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Answer:
Ethnicity
Explanation:
Diversity has two dimensions: primary and secondary. The primary dimension refers to those characteristics which are mainly physical or physiological - cannot be changed.
The secondary dimension refers to our gained characteristics.
<u>Primary dimension</u> - age, gender, ethnicity, sexual orientation, physical handicap...
<u>Secondary dimension</u> - education, marital status, religion, monthly income...