To aid in its efforts to get reelected, the current government of a country decides to increase the growth rate of the domestic money supply by two percentage points. the increased growth rate becomes "permanent" because once started it is difficult to reverse. (a) (4 points) according to the monetary approach, how will this affect the long-run trend for the exchange-rate value of the country’s currency? why? (b) (4 points) explain why the nominal exchange-rate trend is affected, referring to ppp.

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.