The cost of holding money balances increases when
a. the purchasing power of money rises.
b. the money interest rate increases.
c. the price of goods and services falls.
d. consumer income expands.
B
Economics
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A group of firms that collude to limit competition is called a(n):
a. conglomerate. b. oligopoly. c. cartel. d. kinked demand. e. market concentration.
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U.S. nominal GDP: a. has historically increased more slowly than real GDP. b. has historically increased more rapidly than real GDP. c. includes an estimate of the value of leisure time
d. includes an estimate of underground productive activity.
Economics