Equilibrium in the money market exists when
A) at a given interest rate, excess supply of money is equal to the quantity demanded of money.
B) at a given interest rate, excess demand for money is equal to the quantity demanded of money.
C) the supply of money curve intersects the demand for money curve at the prevailing interest rate.
D) b and c
C
You might also like to view...
If capital and labor each grow 5% in a year, the elasticities of output with respect to capital and labor sum to one, and productivity grows 2% in the year, by how much does output grow during the year?
A) 2% B) 3% C) 5% D) 7%
Under the Global Legal Settlement of 2002, the provision that requires investment banking firms to sever the link between underwriting and research is an example of
A) regulate for transparency. B) supervisory oversight. C) separation of functions. D) socialization of information production.
Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max's current MRS = -1, then Max
A) is at point e. B) is maximizing his utility. C) will be better off by purchasing more burgers. D) None of above.
Which of the following are among the effects of CFC usage?
a. increased cases of skin cancer c. urban smog b. acidification of surface waters d. all of the above