Speculative demand for money is a(n):
A. positive function of prices.
B. inverse function of prices.
C. positive function of interest rates.
D. inverse function of interest rates.
Answer: D
Economics
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Which of the following impacts would economists expect to result from chronic budget deficits?
A. Greater economic efficiency resulting from the abundance of public goods produced. B. Permanently high levels of output and continued economic growth. C. Greater political control over monetary policy. D. Government control of an inefficiently large share of the economy's resources.
Economics
Refer to the graph shown. The shift from SATC1 to SATC2 reflects:
A. diseconomies of scale. B. increasing marginal productivity. C. diminishing marginal productivity. D. economies of scale.
Economics