The transactions demand for money is
a) positively related to aggregate income
b) positively related to interest rate
c) negatively related to the price level
d) all of the above
Answer: a) positively related to aggregate income
Economics
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The explicit costs of an item include all of those things that must be forgone to acquire that item
a. true b. false
Economics
If the CPI was 132.5 at the end of last year and 140.2 at the end of this year, the inflation rate over these two years was
A) 7.7 percent. B) 5.4 percent. C) 4.4 percent. D) 5.8 percent.
Economics