The demand for goods and services decreases with a rise in employment and income

Indicate whether the statement is true or false

True

Economics

You might also like to view...

What are the three motives for holding money?

A) the medium of exchange motive, the store of value motive, and the unit of account motive B) the transaction motive, the speculative motive, and the liquidity motive C) the transaction motive, the investment motive, and the liquidity motive D) the transaction motive, the speculative motive, and the precautionary motive

Economics

Choose the pair of words that best completes this sentence: The nominal interest rate is the sum of the ex ante real interest rate and the _________ inflation rate, and real money balances are a function of the ___________ interest rate.

A. expected; nominal B. actual; nominal C. actual; real D. expected; real

Economics