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.
Shop Beach Wedding Guest Dresses. You might also want to check out dressy casual dresses for outdoor weddings, Spring Wedding Guest Dresses or our picks for Maxi Dresses for Wedding Guests. Check out these collage posts, if you need some ideas for how to accessorize your beach wedding outfits.