When considering the demand for money curve, the interest rate
A) is the price of holding money.
B) varies negatively with the transactions demand for money.
C) will have a positive relationship with the quantity of money demanded.
D) is independent of the opportunity cost of money.
A
You might also like to view...
Moving ________ along the marginal cost curve, the ________
A) upward; opportunity cost of one more unit increases B) upward; marginal cost decreases C) downward; marginal cost increases D) upward; opportunity cost of one more unit does not change E) downward; opportunity cost of one more unit does not change
Which of the following would be included in the GDP Price Index, but not the Consumer Price Index?
a. The price of a pair of shoes b. The price of coffee c. The price of a used car d. The price of a bar of soap e. The price of an aircraft carrier
Suppose the price of good X falls. As a result, the quantity demanded for good X increases for a particular consumer. For this consumer, the substitution effect induced the consumer to purchase more X while the income effect induced the consumer to purchase less X. We can infer that X is a(n)
a. normal good. b. inferior good. c. Giffen good. d. luxury good.
Poor nations typically have a competitive advantage in agricultural goods because of
A. High productivity. B. Low labor costs. C. Entrepreneurial incentives. D. Plenty of land.