Both the precautionary and asset demand for money are influenced by
A. the interest rate.
B. the U.S. Treasury.
C. gold prices.
D. none of these.
Answer: A
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The negative relationship between unemployment and inflation is known as the
A) aggregate supply curve. B) aggregate demand curve. C) Phillips curve. D) efficiency wage line.
Caren is willing to sell cakes at $5 per piece. The market price of each piece of cake is $10 . The producer surplus received by Caren from the sale of each piece is $10
a. True b. False Indicate whether the statement is true or false
A public good is a good that:
A. is excludable. B. is rival. C. is free. D. is available regardless of willingness to pay.
In the OECD countries, there is a negative relationship between output per capita in 1950 and
A) growth since 1950. B) output per capita in the 1990s. C) distance from the equator. D) population. E) none of the above