If the asset market is in equilibrium, the growth rate of the nominal money supply minus the growth rate of real money demand equals
A) the real interest rate.
B) the inflation rate.
C) the price level.
D) the growth rate of real output.
B
Economics
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If the income elasticity of demand for a service is 0.6, then a 5 percent increase in income will generate a __________ in quantity demanded
a. 3 percent decrease b. 3 percent increase c. 8.33 percent decrease d. 8.33 percent increase e. 0.12 percent decrease
Economics
What is the equilibrium condition for price discriminating monopoly firm? Give some examples for price discrimination.
What will be an ideal response?
Economics