The effect on the level of income of a given increase in the money stock is
a. irrelevant to the interest elasticity of money demand.
b. greater the lower the interest elasticity of money demand.
c. greater the higher the interest elasticity of money demand.
d. None of the above
B
Economics
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In the table above, the marginal product of the third unit of labor is ________ units of output
A) 3 B) 4 C) 12 D) 16
Economics
If bank reserves are 200, the public holds 400 in currency, and the desired reserve-deposit ratio is 0.25, the deposits are ________ and the money supply is ________.
A. 400; 800 B. 600; 1,000 C. 800; 1,200 D. 200; 600
Economics