According to the theory of liquidity preference, money demand
a. and the money supply are positively related to the interest rate.
b. and the money supply are negatively related to the interest rate.
c. is negatively related to the interest rate, while the money supply is independent of the interest rate.
d. is independent of the interest rate, while money supply is negatively related to the interest rate.
c
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Credit cards are i. a generally accepted form of payment and therefore part of M1. ii. included in M1 because you write a check to pay your monthly bill. iii. a means of borrowing money
A) i only B) ii only C) iii only D) i and ii E) i and iii
Constrained discretion ________
A) eliminates all discretion in policymaking B) imposes an inherent discipline on consumers C) imposes an inherent discipline on policymakers but does not eliminate all flexibility D) requires policymakers follow a constant growth rate rule for money
The quantity of labor demanded is the labor hours all
A) firms plan to hire at a given real wage rate. B) firms plan to hire at a given nominal wage rate. C) employees plan to work at a given real wage rate. D) employees plan to work at a given nominal wage rate. E) Both answers A and C are correct.
Assume that oranges and peaches can both be grown on the same type of land, a decrease in the price of peaches, other things being equal, will cause a(n):
a. upward movement along the supply curve for oranges. b. downward movement along the supply curve for oranges. c. rightward shift of the supply curve for oranges. d. leftward shift of the supply curve for oranges.