The money demand curve will shift to the left if:
A. the price level increases.
B. ATM machines are introduced.
C. the nominal interest rate increases.
D. the nominal interest rate decreases.
Answer: B
You might also like to view...
In a fiduciary monetary system
A) coins get their value from the precious metals of which they are made. B) money gets its value from the confidence that the public has in its acceptability. C) paper currency does not have value, but balances in checking accounts do. D) checking account balances do not have value, but paper currency does.
Which of the following points out that even if most workers were hypothetically willing to see a decline in their own wages in bad economic times as long as everyone else also experiences such a decline, there is no obvious way for a decentralized economy to implement such a plan?
a. efficiency wage theory b. relative wage coordination argument c. adverse selection of wage cuts d. insider-outsider model
Figure 6.9 depicts a hypothetical fish market with a horizontal supply curve. Suppose the government imposes a tax of $2 per pound of fish, and the tax is paid in legal terms by producers. Which of the following shows the loss of consumer surplus on the fish that are not consumed because of the tax?
A. Triangle C B. Rectangle B + Triangle C C. Triangle C + Rectangle E D. Rectangle B + Rectangle D
Refer to the above table (figures in billions). Real GDP for year 2019 was
A. $4819.6 billion. B. $5222.2 billion. C. $4617.3 billion. D. uncertain without more information.