The demand for real money balances ________
A) is downward sloping with respect to prices
B) is downward sloping with respect to interest rates
C) is downward sloping with respect to income
D) all of the above
E) none of the above
B
You might also like to view...
Which of the following is an example of a durable good?
a. a cowboy b. a cherry pie c. a newspaper d. a hand-held calculator e. a pencil
In the last 250 years the U.S. economy has succeeded in
A) relaxing the grip of scarcity and improving the quality of life. B) eradicating poverty. C) reducing the number of government regulations imposed on households and businesses. D) eliminating scarcity.
An initial allocation of goods is called a(n)
A) endowment. B) inheritance. C) pareto set. D) general equilibrium goods set.
Refer to the data provided in Table 9.2 below to answer the question(s) that follow.
Table 9.2
Refer to Table 9.2. If the market price is $28 and the firm produces 5 units of output, then its profit would be
A. -$50. B. -$44. C. $0. D. $18.