A person is preparing for a long automobile trip and cashes in a certificate of deposit for cash in case of emergencies along the way. This is an example of the
A) transactions demand for money. B) asset demand for money.
C) precautionary demand for money. D) wealth demand for money.
C
Economics
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If the consumption function is C = 25 + 0.9y and income increases by $100, then consumer spending will increase by
A) $10. B) $25. C) $90. D) $115.
Economics
In barometric price leadership, one firm announces a change in price
a. and the other firms follow b. but the other firms refuse to follow c. that it hopes will be accepted by others d. which is merely a test of the market e. none of the above.
Economics
The more money firms spend on R&D the faster the economy is expected to grow
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following economies are most free?
What will be an ideal response?
Economics