In the Keynesian model the quantity of money demanded is ________ related to income and ________ related to the interest rate
A) positively; positively
B) positively; negatively
C) negatively; negatively
D) negatively; positively
B
Economics
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The notion of opportunity cost allows the measurement of tradeoffs
Indicate whether the statement is true or false
Economics
Rent seeking is devoted to the creation of
A) monopolies. B) competitive industries. C) human capital. D) more elastic demand.
Economics
A quasi-public good is similar to a public good in that one person's consumption of the quasi-public good does not reduce the amount available for everyone else
Indicate whether the statement is true or false
Economics
In order to borrow money to finance a deficit, the federal government
A. sells government securities. B. must raise taxes. C. negotiates with large banks. D. cuts spending.
Economics