The speculative motive for holding money reflects the behavior of people who hold money
a. instead of near money
b. to transact purchases they expect to make
c. as insurance against unexpected needs
d. to speculate in the stock market
e. to take advantage of anticipated or hoped for changes in interest rates
E
Economics
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Suppliers recognize there is a shortage in the market for their product when they notice that
a. the quantity supplied exceeds the quantity demanded. b. the quantity demanded is falling. c. inventories are falling. d. production exceeds new orders for the product. e. government economists announce a shortage exists.
Economics
According to classical macroeconomic theory, changes in the money supply change nominal but not real variables
a. True b. False Indicate whether the statement is true or false
Economics