Tobin's model of the speculative demand for money shows that people hold money as a ________ as a way of reducing ________
A) medium of exchange; transaction costs
B) medium of exchange; risk
C) store of wealth; transaction costs
D) store of wealth; risk
D
You might also like to view...
What would happen to the budget line if income increases by the same percentage as the price of the two goods decreases (that is income up by, say, 10 percent and the prices down by 10 percent)?
A. A rightward parallel shift in the budget line B. A leftward parallel shift in the budget line C. An upward pivot of the budget line D. The budget line is unaffected
A federal budget deficit occurs when _____
Fill in the blank(s) with the appropriate word(s).
Net capital outflow (NCO) is:
A. domestic dollars invested internationally. B. capital outflow ? capital inflow. C. capital inflow ? capital outflow. D. foreign dollars invested domestically.
Use the table below to answer the next question.YearEmployedStructuralFrictionalCyclicalUnemployed20031,800501005020020042,400100100 30020052,000 15018050020062,66040 0140Determine the number of people structurally unemployed for the year 2005.
A. 220 B. 170 C. 150 D. 0