Keynes argued that the downward slope of the demand for money curve depends on the:
a. equation of exchange.
b. rate of interest.
c. federal funds rate.
d. discount rate.
b
Economics
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(Consider This) Credits cards are:
A. the fastest growing component of the M1 money supply. B. near-monies that are part of the M2 money supply but not the M1 money supply. C. not money, as officially defined. D. also known as time deposits.
Economics
Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Refer to Table 22.5. Suppose 2014 is the base year. The price index in 2014 is
A. 1,000. B. 100. C. 10. D. 1.
Economics