Which of the following decreases Money Demand?
a. Lower nominal interest rates.
b. Higher nominal interest rates.
c. A higher price level
d. A lower price level
d
Economics
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A country is likely to be better off in the long run if it pursues self sufficiency
Indicate whether the statement is true or false
Economics
A competitive equilibrium is Pareto efficient because at the competitive equilibrium,
A) prices have been allowed to adjust. B) there are no further gains from trade. C) the final outcome is different from the original inefficient endowment. D) all members of society can be made better off.
Economics