Three macroeconomic factors that affect the demand for money are:
A. capital, labor, and technology.
B. the nominal interest rate, capital, and labor.
C. globalization, skill-biased technological change, and labor mobility.
D. the nominal interest rate, real income, and the price level.
Answer: D
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The concept of limited liability
A) does not apply to a corporation. B) means that the owners of a corporation have liability limited to the value of the shares in the firm. C) means that owners of a firm are subject to double taxation. D) limits the amount of specialization that can occur in a firm.
Which of the following is considered a contributive standard for the distribution of income?
A) rewarding workers according to their productivity B) rewarding workers according to their needs C) rewarding workers according to the number of their dependents D) all of the above