In which of the following cases would the quantity of money demanded be smallest?
a. r = 0.06, P = 1.2
b. r = 0.05, P = 1.0
c. r = 0.04, P = 1.2
d. r = 0.06, P = 1.0
d
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In the United States in 2012, the CDC estimated that the total number of people with diabetes (both diagnosed and undiagnosed cases) was lowest for people in the age range of ________, and the percentage of people with diabetes was lowest for people
in the age range of ________. A) 20-44; 20-44 B) 65 and older; 65 and older C) 45-64; 65 and older D) 65 and older; 20-44
If there is a dollar-for-dollar direct expenditure offset, then
A) increases in aggregate demand will also increase long-run aggregate supply. B) increases in government spending will not increase aggregate demand. C) increases in aggregate demand will increase the price level, but leave real output unchanged. D) increases in aggregate demand will increase real output, but leave the price level unchanged.
Employment of labor in a country other than the firm's home country is called
A) employing guest workers. B) outsourcing. C) employing non-naturalized workers. D) employing illegal aliens.
When marginal revenue equals price for all levels of output, the firm is operating in a perfectly competitive market
a. True b. False