When the nominal interest rate falls, the opportunity cost of holding money
A) decreases and there is a movement downward along the demand for money curve.
B) increases and there is a movement upward along the demand for money curve.
C) decreases and the demand for money curve shifts rightward.
D) increases and the demand for money curve shifts rightward.
E) decreases and the demand for money curve shifts leftward.
A
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An example of a time series data set is one for which the:
a. data would be collected for a given firm for several consecutive periods (e.g., months). b. data would be collected for several different firms at a single point in time. c. regression analysis comes from data randomly taken from different points in time. d. data is created from a random number generation program. d. use of regression analysis would impossible in time series.
Many banks in the U.S. failed in the 1930s, not because they were poorly managed, but because they could not survive the panicky withdrawal of funds by their depositors
a. True b. False Indicate whether the statement is true or false
Which of the following statements is correct?
a. In the late 1800s, real GDP per person was higher in the United Kingdom than in the United States. b. In 2014, real GDP per person was higher in the United Kingdom than in the United States. c. The average annual growth rate of real GDP was higher in the United Kingdom than in the United States between the late 1800s and 2014. d. All of the above are correct.
Long-run average costs at any output level will:
A. always be greater than or equal to short-run average total costs. B. always be less than or equal to short-run average total costs. C. sometimes be less than and sometimes greater than short-run average total costs. D. always be equal to short-run average total costs.