In the above figure, if the interest rate is 8 percent per year, the quantity of money demanded is
A) less than the quantity of money supplied, and the interest rate will change.
B) less than the quantity of money supplied, and the demand curve for money will shift.
C) greater than the quantity of money supplied, and the supply curve of money will shift.
D) greater than the quantity of money supplied, and the interest rate will change.
E) greater than the quantity of money supplied, and the demand curve for money will shift.
A
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Marginal utility is measured by the maximum amount of money a consumer is willing to pay for one more unit of a commodity
a. True b. False Indicate whether the statement is true or false
In order to prosper, entrepreneurs in a market economy must
A) have at least one million dollars of personal wealth for the financing of new projects. B) find ways to slow technological change. C) undertake projects that create wealth and increase the value of resources. D) undertake projects that require resources that are more valuable than the products
If the interest rate is 10%, the present value of $100 to be paid in two years is
A. $80. B. $121. C. $100/1.12. D. $100/1.1.
List some of the problems that may arise when prices are controlled