Speculative demand of money depends on:

The simple quantity theory of money assumes that

A) velocity and Real GDP are constant. B) only velocity is constant. C) only the money supply is constant. D) only the price level is constant.

Newspaper vending machines are often built so that customers can pay to lift a door and take a paper off a pile of daily newspapers. Newspaper distributors are NOT concerned about customers taking the whole stack of papers because

A. the price of a daily newspaper is relatively low. B. the total utility of a daily newspaper is zero. C. the marginal utility of a second daily newspaper is zero. D. the marginal utility of any one daily newspaper is zero.