The ________ is a measure of the price level and is calculated by dividing ________ by ________ and multiplying by 100

In an agreement to exchange dollars for euros in three months at a price of $0.90 per euro, the price is the

A) spot exchange rate. B) money exchange rate. C) forward exchange rate. D) fixed exchange rate.

Keynesians argue that the interest elasticity of the demand for money is

a. low, while monetarists say it is high. b. unimportant in terms of affecting economic activity, while monetarists disagree. c. relatively high, while monetarists argue it is low. d. not a factor in determining if velocity is stable or unstable.