If the interest rate were to rise, we expect that
A) autonomous expenditures will rise.
B) the supply of money will fall.
C) the amount of money people want to hold will rise.
D) the amount of money people want to hold will fall.
D
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Which of the following influences people's buying plans and does not shift the demand curve?
A) the price of the good B) the prices of related goods C) income D) preferences
Which of the following is TRUE regarding business cycles?
I. Cycles are predictable. II. In each cycle, a peak follows an expansion. III. Potential GDP fluctuates around real GDP. A) I and II B) I and III C) II and III D) II only
How is recession defined by the National Bureau of Economic Research [NBER]?
a. Two consecutive quarters of declining GDP b. A significant decline in total output, income, employment, and trade for six months to one year c. A dramatic decline in unemployment for less than six months d. A sharp increase in money supply and the market rate of interest e. A significant decline in stock prices over three consecutive quarters of a business year
The federal government receives most of its revenue from personal income taxes and payroll taxes
a. True b. False Indicate whether the statement is true or false