The slope of money demand curve illustrates the idea that there is
a) a positive relationship b/w the interest rate and the quantity of money demanded
b) a positive relationship b/w the price level and the quantity of money demanded
c) a negative relationship b/w the interest rate and the quantity of money demanded
d) a negative relationship b/w the value of transactions and the quantity of money demanded
e) none of the above
Answer: c) a negative relationship b/w the interest rate and the quantity of money demanded
You might also like to view...
Explain why market power leads to a deadweight loss. Is the total deadweight loss from market power in the United States large or small?
What will be an ideal response?
About one out of every _________ Hispanics is poor.
Fill in the blank(s) with the appropriate word(s).
The present value of a dollar received one year from now, given a current interest rate of 10%, is about
A. $.90. B. $.91. C. $1.00. D. $1.09.
In the US, an increase in which of the following will cause an increase in US imports?
I. Per capita real income II. Price Level III. Real interest rates IV. Tariffs a. I and II only b. I and III only c. I and IV only d. I, II, and III only e. II, III, and IV only