The cost of holding money is best described as
A) the cost of printing money.
B) the cost which price decreases impose on money holders.
C) the yield which is paid to money holders by the U.S. government.
D) the yield that could have been earned had the asset been held in another form.
D
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What term do economists use to refer to the satisfaction that an individual expects to receive from consuming a good or service?
a. Utility. b. Response. c. Usability. d. Demand. e. Desirable.
Higher productivity is the most direct route to higher living standards
a. True b. False
What is the usual response of firm to an increase in the price of what they sell?
a. An increase in output. b. An increase in hiring factors of production. c. An increase in the profit level of the firm. d. An increase in employment at the firm. e. All of the above.
Other things the same, an increase in domestic prices raises the real exchange rate
a. True b. False Indicate whether the statement is true or false