A reduction in which of the following variables will cause an increase in the amount of money individuals wish to hold in the current period?

Comment on the following statement: The level and growth rate of real GDP per capita can be a misleading indicator of development

At the same time, countries that experience sustained increases in real GDP per capita over time will tend to be more developed.

If the United States follows an expansionary monetary policy relative to Japan and Germany, which of the following is not likely to occur?

A) U.S. interest rates will rise relative to Japan and Germany B) a larger U.S. capital account deficit C) a depreciation of the dollar D) lower level of U.S. income