As a result of increased use of credit cards,
A) the demand for money has decreased and there has been a movement up along the demand for money curve.
B) the demand for money has decreased and there has been a movement down along the demand for money curve.
C) the equilibrium nominal interest rate has decreased and bond prices have fallen.
D) the demand for money has decreased and the demand for money curve has shifted leftward.
E) the equilibrium nominal interest rate has increased and bond prices have decreased.
D
You might also like to view...
If the spot rate for euros depreciates, and all other variables and expected values remain constant, U.S. investors contemplating European investments would:
a. get larger returns in terms of dollars. b. get smaller returns in terms of dollars. c. get very similar returns because of arbitrage. d. lose the principal of the investment.
Economist Robert Fogel has estimated that by the year 2040, individuals in the United States will be spending
A) more time in the workforce and more time in leisure activities than they do today. B) less time in the workforce and less time in leisure activities than they do today. C) more time in the workforce and less time in leisure activities than they do today. D) less time in the workforce and more time in leisure activities than they do today.