The demand for nominal money
A) increases as the price level increases.
B) decreases as the price level increases.
C) depends on the quantity of money.
D) is the same as the demand for real money.
A
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Which of the following statements is false?
Game Matrix IV
The following questions refer to the game matrix below.
Player A can play the strategies UP and DOWN and Player B can play the strategies LEFT and RIGHT.
a. Player A has a dominant strategy.
b. Player B has a dominant strategy.
c. This is a Prisoners' Dilemma.
d. This game has no Nash Equilibrium.
If government regulators force a natural monopoly to produce where price equals marginal cost, the monopoly will earn
a. a "fair return" b. positive economic profit c. zero economic profit d. negative economic profit e. greater economic profit than if it were unregulated
Unemployment is a lagging indicator because:
A. employers wait to see how bad a recession looks before making the difficult decision to lay off workers. B. firms may first try to decrease or increase the hours of existing employees before changing levels of employment. C. employers wait to see how solid a recovery looks before committing to take on new employees. D. All of these are reasons that make unemployment a lagging indicator.
Suppose that television show A is much more popular than television show B. The equilibrium price for a ticket to view the taping of show A is $40 and the equilibrium price for a ticket to view the taping of show B is -$30. If free tickets are offered for the taping of both shows, it is likely that
A) there will be a shortage of tickets for show A and a surplus of tickets for show B. B) there will be a surplus of tickets for show A and a shortage of tickets for show B. C) there will be a surplus of tickets for both shows. D) there will be a shortage of tickets for both shows.