The magnitude of the slope of the indifference curve between steak and lobster is called the marginal rate of substitution
Indicate whether the statement is true or false
TRUE
Economics
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The ________ interest is the relevant interest rate in the money market; the __________ interest rate is the relevant interest rate in the loanable funds market
a. Nominal; nominal. b. Nominal; real c. Real; nominal d. Real; real
Economics
Which of the following increases Money Demand?
a. Lower nominal interest rates. b. Higher nominal interest rates. c. Higher real GDP d. Lower real GDP
Economics