The opportunity cost of holding money increases when
A) the purchasing power of money rises.
B) the nominal interest rate rises.
C) the price level falls.
D) consumers' real incomes increase.
B
Economics
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Assume a firm is currently producing 100 units of output, total fixed costs are $10,000, and average variable costs are $8. Based on this information we can conclude, with certainty, that the firm's:
A) marginal costs are $8. B) total variable costs are $8000. C) average fixed costs are $2. D) total costs are $10,800.
Economics
Total reserves minus bank deposits with the Fed equals
A) vault cash. B) excess reserves. C) required reserves. D) currency in circulation.
Economics