Every day, ________ changes to make the quantity of money demanded equal the quantity of money supplied
A) real GDP
B) the money supply
C) the inflation rate
D) the nominal interest rate
E) the price level
D
You might also like to view...
Street lights are an example of a public good provided at the local level
Indicate whether the statement is true or false
According to one survey 76 percent of Americans said they were not saving enough for retirement. This example of inconsistency over time
a. is rational behavior. b. likely occurs because saving requires a sacrifice in the present for a reward in the distant future. c. likely occurs because Americans don't care about retirement. d. definitely would not happen if Americans earned a greater return on their investments.
If the demand curve is a vertical line, it means that:
A. regardless of price, the quantity demanded is a constant amount. B. regardless of quantity, the price is a constant amount. C. the good is inferior. D. the good has many substitutes.
In maximizing economic profit, the monopolist will
A) choose the highest price that still permits some output sales. B) equate marginal cost to minimum average total cost. C) equate price to marginal cost. D) equate marginal revenue to marginal cost.