An increase in real GDP
A) increases the buying and selling of goods and decreases the demand for money as a medium of exchange.
B) decreases the buying and selling of goods and decreases the demand for money as a medium of exchange.
C) decreases the buying and selling of goods and increases the demand for money as a medium of exchange.
D) increases the buying and selling of goods and increases the demand for money as a medium of exchange.
D
You might also like to view...
Refer to Scenario 5.8. The value to Icarus Airlines of complete information is
A) $40 million. B) $90 million. C) $115 million. D) $120 million. E) $125 million.
By tradition, Japanese employers cannot "lay off" workers. As a result they have goods that they cannot sell on the domestic market without driving down prices. To minimize losses, they sell goods such as steel and televisions in foreign markets at prices well below those in Japan. This is called
a. beggar my neighbor. b. helpfulism. c. strategic trade policy. d. dumping.