The quantity of money demanded is proportional to
A) real GDP.
B) the price level.
C) the nominal interest rate.
D) the real interest rate.
E) the inflation rate.
B
Economics
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If real GDP is $800 million and aggregate labor hours are 20 million, labor productivity is ________
A) $40 per hour B) $16,000 million C) $40 million D) $160 per hour
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Of the following goods, which is most likely to be quite inelastic?
a. gasoline b. Chevrolet automobiles c. fresh tomatoes d. provolone cheese
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