Which of the following would be most likely to increase the quantity of money demanded?
a. A decrease in real income
b. An increase in real income
c. A decrease in the interest rate
d. An increase in the cost of converting other assets into money
e. An increase in the price level
C
You might also like to view...
Medicare and Social Security are examples of
A) transfer payment programs. B) public goods. C) programs that do not respond to rational economic incentives. D) the efficient allocation of resources under a free market system.
Which of the following is true?
A) All of the above are true. B) The parents of successful entrepreneurs almost always have at least a college education. C) Successful entrepreneurs are good at discovering profitable opportunities that have been overlooked by others. D) Entrepreneurs are under-represented among millionaires.
The primary argument against the rational-expectations assumption is that
A. it assumes that unexploited opportunities for profit persist in the economy. B. people expect certain outcomes from the government's policy actions. C. the costs of formulating rational expectations are very low. D. it requires households and firms to know too much.
Refer to the diagram. Which of the following supply and demand shifts portray the long-run problem that farms face?
A. S to S and D to D
B. S to S and D to D
C. S to S and D to D
D. S to S and D to D