Which of the following increases the quantity of money demanded?
A) a fall in the nominal interest rate
B) a rise in the nominal interest rate
C) a rise in the inflation rate
D) a rise in the real interest rate
E) an increase in real GDP
A
You might also like to view...
After a tariff is imposed, consumers must pay a price equal to the
A) world market price. B) domestic equilibrium price when there is no trade. C) world market price plus the tariff. D) world market price less the tariff. E) domestic equilibrium price when there is no trade plus the tariff.
Average physical product measures the increase in total output that results from a one-unit increase in an input.
Answer the following statement true (T) or false (F)
Suppose that demand is inelastic within a certain price range. For that price range,
a. an increase in price would increase total revenue because the decrease in quantity demanded is proportionately less than the increase in price. b. an increase in price would decrease total revenue because the decrease in quantity demanded is proportionately greater than the increase in price. c. a decrease in price would increase total revenue because the increase in quantity demanded is proportionately smaller than the decrease in price. d. a decrease in price would not affect total revenue.
The most basic concept of economics is
A. scarcity. B. shortage. C. bounded rationality. D. money.