People prefer to hold less of their wealth in the form of financial assets like bonds and term deposits when:
a. real GDP is at an all-time low
b. the real interest rate is above 10 percent.
c. the price level is very low.
d. the nominal interest rate is close to zero.
e. the nominal interest rate is very high.
d
Economics
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What is TRUE about every point along a production possibilities frontier?
A) Both people are maximizing utility. B) It is impossible to increase production of either good. C) All allocations are efficient. D) It includes some unattainable points.
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Based on data from 2011, the top fifth of all families received approximately what percent of all income in the United States?
a. 83 percent b. 49 percent c. 41 percent d. 21 percent
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