Fisher's quantity theory of money suggests that the demand for money is purely a function of ________, and ________ no effect on the demand for money
A) income; interest rates have
B) interest rates; income has
C) government spending; interest rates have
D) expectations; income has
A
Economics
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When a monopolistically competitive firm lowers it price one bad thing happens to the firm. What is this "one bad thing" called?
A) the price effect B) the substitution effect C) the output effect D) the income effect
Economics
In a closed economy the marginal propensity to consume is 0.60 and the marginal propensity to invest is 0.10. What is the size of the multiplier?
A) 1.33 B) 2.33 C) 3.33 D) 0.70
Economics