An increase in real GDP affects the demand for money because
A) tax payments rise because more income is earned.
B) there is an inverse relationship between the quantity money demanded and nominal GDP.
C) at the higher price level, it takes more dollars to make expenditures.
D) when real GDP increases, more money is needed to make expenditures.
E) the larger real GDP, the higher the real interest rate.
D
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Compared to the 1960s, during most of the 1990s average annual real GDP growth was ________ while the average ratio of net investment to output was ________
A) slightly lower, much lower B) much lower, slightly higher C) much higher, much lower D) slightly higher, slightly lower
__________ is at the core of work-family interchange
a. Social support b. Passion c. Clarity d. Tagline
The demand curve for capital is ____ and its supply curve is ____
a. downward sloping; downward sloping b. upward sloping; upward sloping c. downward sloping; upward sloping d. upward sloping; downward sloping
The demand for shoes will likely be price ________ while the demand for Sketchers Go Walk walking shoes will likely be price ________.
A. inelastic; elastic B. elastic; inelastic C. elastic; elastic D. inelastic; inelastic