Because a decrease in the nominal interest rate reduces the opportunity costs of holding money, the money demand curve:

Which of the following led to a "bank jog" in Greece?

A) high unemployment B) high inflation C) speculation that Greece would abandon the euro D) the default of several Greek banks

A fall in marginal utility reflects:

a. the water and diamond paradox. b. the law of supply. c. the principle of diminishing marginal utility. d. decreased consumption of a good. e. the fact that total utility must be declining.