The demand for money curve depicts
A) an inverse relationship between the quantity of money demanded and the quantity of bonds demanded.
B) a direct relationship between the quantity of money demanded and the quantity of bonds demanded.
C) an inverse relationship between the quantity of money demanded and the interest rate.
D) a direct relationship between the quantity of money demanded and the interest rate.
C
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On the graph above, consider a point A on the aggregate supply curve and above the aggregate demand curve. At this point, ________
A) quantity demanded equals output, but the inflation rate will fall, so output will rise B) quantity demanded is greater than quantity supplied, so the inflation rate will rise C) output is greater than the quantity demanded, so output will fall D) the aggregate demand curve will shift to the right until quantity demanded is equal to quantity supplied E) none of the above
The labor force of a country was 50 million last year. The labor-force participation rate was 4% last year, but it increased to 6% in the current year. This implies the labor force in the current year is _____
a. 70 million b. 75 million c. 100 million d. 35 million