The frequent use of credit cards and easy access to automatic teller machines have caused:
a. the demand for money to increase.
b. the money supply in the economy to decrease.
c. the price level in the economy to decrease.
d. the velocity of money to increase.
d
Economics
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In the above figure, if the interest rate is negatively related to household expenditures for any given level of household income, an increase in the interest rate will
A) shift the line vertically upward. B) shift the line vertically downward. C) make the line negatively sloped. D) cause no change in the line's position.
Economics
Which of the following is an interest rate that is set directly by the Fed?
A) the prime lending rate B) the required reserve rate C) the discount rate D) the federal funds rate
Economics