Everything else held constant, an increase in wealth will cause the holdings of checkable deposits to the holdings of currency to ________ and the currency ratio will ________
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
B
Economics
You might also like to view...
La Bella Pizza is the only pizza place on Pepper Island. The figure above shows La Bella Pizza's demand curve, marginal revenue curve, and marginal cost curve. At La Bella Pizza's profit-maximizing output, its annual total revenue is
A) $168,000. B) $312,000. C) $336,000. D) $624,000.
Economics
An example of targeted government spending is its spending on
a. education b. police protection c. national defense d. space exploration e. welfare
Economics