The demand for money that arises so that individuals or firms can make purchases on quick notice is called the
A) speculative demand for money. B) real demand for money.
C) transaction demand for money. D) liquidity demand for money.
D
Economics
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An increase in the income tax rate leads to a large increase in deadweight loss if ________
A) the labor supply curve is highly elastic B) the labor supply curve is perfectly inelastic C) the labor demand curve is elastic D) the labor demand curve is perfectly inelastic
Economics
Define productive efficiency. Does productive efficiency imply allocative efficiency? Explain
What will be an ideal response?
Economics