Refer to the given information. If nominal GDP is $300 and the supply of money is $230, the equilibrium interest rate will be:
Answer the question on the basis of the following information. For transactions, households
and businesses want to hold an amount of money equal to one-half of nominal GDP. The table
shows the amounts of money they want to hold as an asset at various interest rates.
A. 8 percent.
B. 6 percent.
C. 4 percent.
D. 2 percent.
C. 4 percent.
Economics
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Refer to the information. Average total cost is:
Answer the question on the basis of the following information:
Economics
Periods of less than full employment correspond to
A. points underneath the ppf. B. points on the ppf. C. either points inside or outside the ppf. D. points outside the ppf.
Economics