Both the precautionary and asset demand for money are influenced by
A) the U.S. Treasury.
B) the interest rate.
C) gold prices.
D) none of the above.
B
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Which of the following statements is true?
A. No good can be inferior at all levels of income. B. The income elasticity of demand is negative for normal goods. C. It is possible for a good to be inferior at all income levels. D. It is possible for all of the goods a consumer buys to be inferior.
According to the loanable funds framework, if businesses see new opportunities to expand capacity by building new factories, the likely effect will be that:
What will be an ideal response?
Firms are prohibited from entering into contracts, combinations, and conspiracies that restrain trade by:
A. Section 8 of the Clayton Act. B. the Wheeler-Lea Act. C. Section 2 of the Sherman Act. D. Section 1 of the Sherman Act.
The stage where the consumer perceives a difference between the current state and the desired state is:
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