The opportunity cost of holding money
a. decreases when the interest rate decreases, so people desire to hold more of it.
b. decreases when the interest rate decreases, so people desire to hold less of it.
c. increases when the interest rate decreases, so people desire to hold more of it.
d. increases when the interest rate decreases, so people desire to hold less of it.
a
Economics
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Julie always purchases the soda with the lowest price. For Julie, the cross price elasticity of demand for brand X and brand Y will be
A) equal to 0. B) negative. C) positive. D) impossible to determine without more information.
Economics
Charging prices closer to what consumers are willing to pay for a good
a. Reduces consumers surplus b. Increases producer surplus c. Both a and b d. None of the above
Economics