The higher the nominal interest rate, the
A) greater the opportunity cost of holding money.
B) lower the quantity of money demanded.
C) more the demand for money curve shifts leftward.
D) Both answers A and B are correct.
D
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Explain the principle "Make the poorest as well off as possible." Who proposed it?
What will be an ideal response?
The largest government-run health care system in the world, with 1.7 million employees, is the National Health Service (NHS) in the United Kingdom. The NHS receives its funding primarily from
A) tariffs. B) the World Health Organization. C) private businesses. D) income taxes.
Which of the following sets of categories correctly describes the categories of nonconsumption injections?
A) foreign imports, private domestic investment, government transfer payments B) capital consumption allowances, government transfer payments, net exports C) net exports, inventory accumulation, government transfer payments D) government purchases of goods and services, net exports, private domestic investment
In theory, increased government tax rates could reduce tax revenue
Indicate whether the statement is true or false