The money demand function implies that money demand is
A. negatively related to interest rates.
B. negatively related to bond prices.
C. positively related to interest rates.
D. negatively related to transactions in the economy.
Answer: A
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Visit the home page of the World Trade Organization
Questions:
- What is the primary function of this organization?
- What is the GATT? Discuss the economic rationale for agreements such as the GATT.
During the last 20 years, what has happened to the marginal tax rates imposed on high-income taxpayers and the personal income tax revenues collected from them?
a. Both the rates imposed and the revenues collected from the rich have increased. b. Both the rates imposed and the revenues collected from the rich have declined. c. The tax rates imposed on the rich have declined, but the revenues collected from them have increased. d. The tax rates imposed on the rich have increased, but the revenues collected from them have declined.
The accompanying table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15.Number of Car Washes Per MonthTotal Monthly Benefit from Car Washes0$01$202$363$484$565$60 What's the average benefit of 4 car washes per month?
A. $4 B. $12 C. $14 D. $8
A decrease in real GDP would affect the U.S. economy by:
A. cutting tax revenues and raising government expenditures. B. cutting government expenditures and raising tax revenues. C. raising both tax revenues and government expenditures. D. cutting both government expenditures and tax revenues.