The demand for money increases and the demand curve for money shifts rightward as a result of
A) an increase in real GDP.
B) a decrease in the price level.
C) a decrease in the nominal interest rate.
D) an increase in the use of credit cards.
E) a decrease in the real interest rate.
A
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A reason why an increase in the price level decreases the quantity of real GDP demanded is that
A) the buying power of money increases. B) potential GDP decreases. C) the price of domestic goods and services increases relative to foreign goods and services. D) the real interest rate falls. E) the inflation rate decreases.
Explain how two Bertrand price competitors can price above marginal cost in an infinitely repeated game setting.
What will be an ideal response?
Refer to Table 4-8. If a minimum wage of $9.50 an hour is mandated, what is the quantity of labor supplied?
A) 390,000 B) 380,000 C) 370,000 D) 340,000
In the U.S., the largest share of national income is earned in the form of
a. taxes on production. b. wages and salary. c. interest earned on capital. d. corporate profits.