Refer to the given information. If nominal GDP is $200 and the interest rate is 6 percent, the total amount of money that households and businesses will want to hold is:
Answer the question on the basis of the following information. For transactions, households
and businesses want to hold an amount of money equal to one-half of nominal GDP. The table
shows the amounts of money they want to hold as an asset at various interest rates.
A. $120.
B. $140.
C. $160.
D. $180.
C. $160.
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In bringing an economy out of a recession, a government will often resort to ________ fiscal policies, which often results in budget deficits
A) conservative B) innovative C) contractionary D) expansionary
A market in which there are many sellers who sell differentiated products is called
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.
By 2011, how much had U.S. housing prices declined from their peak in 2006?
A) 2 percent B) 33 percent C) 40 percent D) 50 percent
If a nation is going to achieve and sustain a high rate of economic growth, it must
What will be an ideal response?