If the value of a dollar falls, then the quantity of money demanded
a. rises, meaning people want to hold more of their wealth in a liquid form.
b. rises, meaning people desire to work more so their income rises.
c. falls, meaning people want to hold less of their wealth in a liquid form.
d. falls, meaning people want to work less so their income falls.
a
You might also like to view...
The table above shows Tom's total utility from milkshakes and sodas. What is the marginal utility of Tom's eighth milkshake?
A) 32 units B) 20 units C) 16 units D) 10 units
If the minimum wage is $7, how many people are employed?
Experience ratings provide firms with an incentive NOT to:
A. hire older workers. B. invest in health and safety programs. C. hire disabled workers. D. both hire older workers and hire disabled workers
If there are external costs of production and perfectly competitive firms do not account for these costs, at the equilibrium level of output
A. P > MC and P = MSC. B. P = MC and P < MSC. C. P = MC = MSC. D. P = MC and P > MSC.