The money demand curve has a
A) positive slope because an increase in the price level increases the quantity of money demanded.
B) negative slope because an increase in the interest rate decreases the quantity of money demanded.
C) negative slope because an increase in the price level decreases the quantity of money demanded.
D) positive slope because an increase in the interest rate increases the quantity of money demanded.
B
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A characteristic of a market economy is:
a. central economic planning by the government b. use of traditional farming methods c. consumer goods often not available d. little government interference in the economy
________ paid for the use of land; ________ paid for the services of labor; and ________ paid for the use of capital
A) Rent is; wages are; interest is B) Rent is; interest is; wages are C) Interest is; wages are; profit is D) Mortgages are; interest is; wages are E) Rent is; wages are; profit is