When the price level in an economy falls, the demand for bonds and other nonmonetary financial assets rises
a. True
b. False
Indicate whether the statement is true or false
True
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A consumer will consume the combination of goods at the crossing point of a budget line and indifference curve.
Answer the following statement true (T) or false (F)
When economists speak of full employment, they refer to the case in which the sum of frictional and structural unemployment is
A) falling over time. B) equal to zero. C) equal to the actual amount of unemployment. D) greater than the level of deficient demand unemployment.
Currency devaluations help suppliers because they make exports ________ expensive
a. Less b. More c. All of the above d. None of the above
Why do economists insist on emphasizing the difference between money and income? Why is this difference important in macroeconomics?