If the level of interest rates paid on time deposits rise relative to that paid by money market accounts, ceteris paribus, individual will
A) reduce their real money balances.
B) first reduce then increase their real money balances.
C) increase their real money balances.
D) hold the same amount of money.
A
Economics
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If the money supply is $1,000 . the price level is 3, and real income (or output) is $5,000 . then the velocity of money is _____
a. 0.2 b. 0.6 c. 1.67 d. 5 e. 15
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