Higher real income ________ the demand for money and a higher price level ________ the demand for money.
A. decreases; increases
B. increases; decreases
C. increases; increases
D. decreases; decreases
Answer: C
Economics
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Which of the following macroeconomic variables would likely be affected by a fiscal policy?
a. The nominal interest rate b. The exchange rate c. The discount rate d. Employment e. Money supply
Economics
Refer to the information. The total cost of producing 3 units of output is:
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.
A. $65.
B. $105.
C. $145.
D. $185.
Economics