The demand for money refers to the desire to
A. a high income.
B. hold money because money is used in all non-barter transactions.
C. spend money because money is used in all transactions.
D. hold a good that yields utility when it is consumed.
Answer: B
You might also like to view...
A discouraged worker ________ counted as officially unemployed and ________ counted as in the labor force
A) is; is B) is; is not C) is not; is D) is not; is not
Federal government expenditures account for more than two-thirds of the money spent in the public sector
a. True b. False
All of the following are examples of negative externalities except
a. getting the flu vaccine. b. smoking in a crowded bar. c. driving while intoxicated. d. littering in the park. e. pouring paint down the storm drains.
Answer the following questions true (T) or false (F)
1. The short run is the time period during which a firm has at least one input constraint. 2. A characteristic of the long run that is not available in the short run is that a firm is free to vary its output. 3. Consider a manufacturing operation that uses specialized machinery and labor to produce its output. In this case, the input that is not fixed in the short run is labor.