The given data suggest that the amount of money that society wishes to hold as an asset:
Answer the question on the basis of the following table in which columns (1) and (2) indicate the transactions demand (D t ) for money and columns (1) and (3) show the asset demand (D a ) for money:
A. varies directly with the interest rate.
B. varies inversely with the interest rate.
C. varies inversely with nominal GDP.
D. is independent of the interest rate.
B. varies inversely with the interest rate.
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The change in the labor force participation rate of married women in the US is often explained by
A) declining productivity in agricultural production. B) a rise in average household size. C) increased education and an increased demand for labor. D) the decreased opportunity cost of working in the home. E) declining productivity in household production.
In economics, the term "surplus" means an excess quantity supplied
a. True b. False Indicate whether the statement is true or false
Which of the following is true of seasonal unemployment?
a. It is not included in calculating the natural rate of unemployment. b. It is reflected in the GDP gap. c. It is always present, even in a healthy economy. d. It causes the natural rate of unemployment to rise. e. It inflates potential GDP.
When the supply of a good increases and its demand decreases by the same amount: a. Price will change in the same direction as the shift in supply
b. Price will change in the same direction as the shift in demand. c. Quantity exchanged will change in the same direction as the shift in supply. d. Quantity exchanged will change in the same direction as the shift in demand.