Inflation is just the growth rate of aggregate prices and from the relationship P = M/L d (Y, i) we get, using the fact that the growth rate of a A/B is equal to the growth rate of A minus the growth rate of B, = %P = %M - %L d (Y,i).e build a link between money growth and inflation through our model of money market equilibrium. In money market equilibrium, real money supply is equal to real money demand: M/P = L d (Y, i).
The line black tie optional suggests a formal beach wedding, usually in the evening. Women should wear a long formal dress. Dark grays, browns, navies, purples, burgundies or greens are appropriate color choices. Men should wear a dark suit and tie.
What to wear to the late afternoon wedding. Inform your guests. It would be nice to tell your guests about the expected dress code. Either assign someone from the wedding party to inform your guests or state it in the wedding invitations. Menâs attire. Menâs suit will work best for the late afternoon wedding receptions. Also consider wearing black-tie attire, which implies the tuxedo in case it is specified in the wedding invitation.