Secular deflation
A. cannot exist in a capitalistic economy.
B. has been a serious problem during the last three decades in the United States.
C. has not been present in the United States since 1960.
D. although present, has not been a problem during the last three decades in the United States.
Answer: C
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When the money market is drawn with the value of money on the vertical axis,
a. money demand slopes upward and money supply is horizontal. b. money demand slopes downward and money supply is horizontal. c. money demand slopes upward and money supply is vertical. d. money demand slopes downward and money supply is vertical.
People demand money for all of the following reasons EXCEPT
A. it is a store of value. B. it generates a rate of return. C. it is a medium of exchange to make payments. D. it can meet unplanned expenditures.