When interest rate increases, opportunity cost of holding money?

Answer: increases so the quantity of money demanded decreases

Economics

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According to the Pew Charitable Trust methodology for identifying the middle class, for the period from 1971 to 2015, the middle class

A. decreased from 80% to 50% of the population. B. increased from 50% to 80% of the population. C. decreased from 80% to 71% of the population. D. increased from 71% to 80% of the population.

Economics

Figure 4.3 illustrates the demand for tacos. A successful advertising campaign to sell tacos would bring about a movement from:

A. point a to point b. B. point c to point b. C. D2 to D1. D. D0 to D1.

Economics