Monetarists argue that the amount of money the public will want to hold depends primarily on the level of:
A. Nominal GDP
B. Investment
C. Consumption
D. Prices
A. Nominal GDP
Economics
You might also like to view...
Monopolies misallocate resources because
A) price does not equal marginal cost. B) price does not equal average variable cost. C) marginal cost does not equal average total cost. D) profits are usually positive.
Economics
Between 1994 and 2000 the poverty rate ____ and the number of people on welfare _____.
Fill in the blank(s) with the appropriate word(s).
Economics
An __________ is one in which is it not possible, through any change in the distribution of Good X or Good Y, to benefit one person without making some other person worse off.
Fill in the blank(s) with the appropriate word(s).
Economics
A good is scarce if we must sacrifice something to obtain it.
a. true b. false
Economics