The stock of money people hold to pay everyday predictable expenses is the:
a. transactions demand for holding money.
b. precautionary demand for holding money.
c. speculative demand for holding money.
d. store of value demand for holding money.
a
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If supply increases and demand is unchanged, the equilibrium price ____ and the equilibrium quantity ____. Question 13 options:
A. rises; decreases B. does not change; does not change C. falls; decreases D. rises; increases E. falls; increases
If you concluded from the fact that the last three recessions have occurred while Republicans were President that their fiscal policies create recessions then you would be
A. wrong and have fallen victim to the fallacy of composition. B. wrong because Democrats are much worse. C. wrong because causation and correlation are not the same. D. right.
As disposable income decreases, consumption:
A. And saving both increase B. And saving both decrease C. Increases and saving decreases D. Decreases and saving increases
Which one of the following institutions manages Ireland's monetary policy?
(a) The Federal Reserve Bank in America. (b) The Bank of England. (c) The European Central Bank in Frankfurt. (d) The Bank of Ireland.