The money demand curve relates ________ to the ________.
A. the aggregate quantity of money demanded; price level
B. the aggregate quantity of money demanded; nominal interest rate
C. aggregate demand; nominal interest rate
D. the aggregate quantity of money demanded; aggregate demand
Answer: B
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Who among the following is speculating?
A) The economics department that offers its first online principles course B) The bookstore that buys back the Math 101 textbooks without confirmation that the department definitely plans to adopt it again next semester C) The resident hall advisor who purchases party favors for the end-of-semester bash D) All of the above. E) B and C above.
For a profit-maximizing monopolistically competitive firm, for the last unit sold, the marginal cost of production is less than the marginal benefit received by a customer from the purchase of that unit
Indicate whether the statement is true or false
An excess demand for money will result in all the following, except:
a. an excess supply of bonds. b. a rise in investment spending. c. a fall in bond prices. d. a fall in consumption spending. e. a fall in equilibrium real GDP.
Wealth is measured as
A. A flow only. B. Neither a flow nor a stock. C. Both a flow and a stock. D. A stock only.