a) In ordinary language, explain the meaning of Velocity of Money. b) State and explain the variables in the equation of exchange. c) Use the equation of exchange stated in b) above to explain the relationship between changes in the money supply and the price level. State any assumptions made. d) Using the equation of exchange from part b) and information of the Bank of Ghana’s Quarterly Bulletin/Statistical Bulletin as well as quarterly GDP releases from the Ghana Statistical Service, calculate the Velocity of Money for the Ghanaian economy from the first quarter of 2020 to the second quarter of 2021. e) Based on your answer from d) is it reasonable to assume that the Velocity of Money is constant in Ghana? Why or why not? f) The Bank of Ghana currently announces its monetary policy in terms of changes in the interest rates (i. e. Monetary Policy Rate). Based on the information in parts d)-e) do you think it should continue to implement this practice? If yes, explain why. If not, what should it target then? Q

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?