Which of the following decreases the demand for money?
A) an increase in the price level
B) an increase in the quantity of money
C) a decrease in real GDP
D) a decrease in the cost of printing money
C
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Which one of the following is a key to economic development?
A) an educated population B) the removal of property rights C) the preservation of established means of production D) a high level of protection against imported products
Which of the following statements is true?
A) All rational economic agents attempt to maximize their income. B) A rational consumer makes his decisions depending on what the majority chooses. C) A budget constraint is an economic tool that quantifies the trade-off between consumption of two goods. D) A trade-off refers to the exchange of goods between economic agents through a barter system or mutual exchange.