Equilibrium in the money market occurs when
A) the quantity of money demanded is less than the quantity of money supplied.
B) the interest rate equals the money supply.
C) the quantity of money demanded is more than the quantity of money supplied.
D) the quantity of money demanded equals the quantity of money supplied.
D
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The real exchange rate generally has ______ relationship with aggregate expenditure.
A. a negative B. a positive C. no D. a constant
The substitution effect of a Giffin good is:
A. negative. B. positive. C. positive or negative. D. zero.
Tying can be thought of as a form of price discrimination
a. True b. False Indicate whether the statement is true or false
By definition, economics is the study of
A) how to make money in the stock market. B) how to make money in a market economy. C) the choices people make to attain their goals, given their scarce resources. D) supply and demand.