According to John Maynard Keynes people hold money for each of these reasons except the _____ motive.
A. precautionary
B. price
C. speculative
D. transactions
B. price
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The ratio of the percentage change in quantity demanded to the percentage change in income is known as the cross elasticity of demand.
Answer the following statement true (T) or false (F)
If the cost of production incurred by two producers in a competitive industry differs, the long-run supply curve:
a. will be a downward sloping step function. b. will be an upward rising step function. c. will be a horizontal line at the market price. d. will be a vertical line at the equilibrium output.
Which of the following is consistent with the idea that high money supply growth leads to high inflation?
a. the quantity theory and evidence from four hyperinflations during the 1920's b. the quantity theory but not evidence from four hyperinflations during the 1920's c. evidence from four hyperinflations during the 1920's but not the quantity theory d. neither the quantity theory nor evidence from four hyperinflation during the 1920's
Which one of the following classifications is found on the Statement of Cash Flows?
a. Cash Flows from Financing Activities b. Cash Flows from Purchasing Activities c. Cash Flows from Owner's Activities d. Cash Flows from Selling Activities