The transactions demand for money will increase when
A. nominal Gross Domestic Product (GDP) increases.
B. nominal Gross Domestic Product (GDP) decreases.
C. the price level falls.
D. the rate of interest increases.
Answer: A
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Refer to Table 11.1. At the equilibrium level of output, y*, what is the trade balance?
A) -1,345.00 B) -985.00 C) -276.25 D) -186.25
The term competencies refers to the set of skills, knowledge, and personal attributes possessed by the superior performer.
Which of the following is one of the fundamental economic questions every economy must ask?
a. What is the best method of production? b. Why will goods and services be produced? c. Where will goods and services be produced? d. What goods and services will be produced?
The group of economists who believe politicians are subject to the laws of demand and supply and focus on this in their analysis are known as:
A. libertarian economists. B. orthodox economists. C. public choice economists. D. radical economists.