n 2012, an economy was at full employment. The quantity of money was growing at 8.3 percent a year, the nominal interest rate was 9.5 percent a year, real GDP grew at 5.0 percent a year, and the inflation rate was 3.1 percent a year. Was the velocity of circulation constant? [Hint: Use the quantity theory of money.] If the velocity of circulation was not constant, how did it change and why might it have changed? The velocity of circulation ▼ increased decreased and its change was nothing percent a year.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

answer; /// blank(1); above; blank(2); less;

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.