When the opportunity cost of holding money increases, then
A) the quantity of money supplied increases.
B) people want to hold more money.
C) the real interest rate falls.
D) the nominal interest rate falls.
E) people want to hold less money.
E
Economics
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The table above gives the demand schedule for water bottled by Wanda's Healthy Waters. Wanda's marginal cost is a constant $4 a bottle and has no fixed cost. Wanda's makes an economic profit of ________ a day
A) $0 B) $24 C) $36 D) $60
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If the price level increased from 200 to 250, then what was the inflation rate?
a. 50 percent b. 25 percent c. 20 percent d. None of the above is correct.
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