Which of the following influences the demand for money?
A. Only the money supply.
B. Only the interest rate.
C. Only the level of income.
D. Both money supply and interest rate influence the demand for money.
D. Both money supply and interest rate influence the demand for money.
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Saving for protection against unexpected setbacks-such as the loss of a job or a medical emergency-is called ________ saving.
A. life-cycle B. precautionary C. bequest D. public
What is the annual rate of growth of per capita real GDP if real GDP grows at a constant rate of 4 percent per year and the annual rate of population growth is 3 percent?
A) 1 percent B) 3 percent C) 87 percent D) 4 percent
When a firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is __________ and the firm is experiencing __________ .
A) upward sloping; diseconomies of scale
B) downward sloping; constant returns to scale
C) downward sloping; economies of scale
D) horizontal; constant returns to scale
The tax revenue that is generated by a government tax is counted towards total welfare
What will be an ideal response?