An increase in nominal GDP will
A. decrease the transactions demand and the total demand for money.
B. decrease the transactions demand for money but increase the total demand for money.
C. increase the transactions demand and the total demand for money.
D. increase the transactions demand for money but decrease the total demand for money.
Answer: C
Economics
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If the euro replaces the U.S. dollar as the world's most popular currency, that will likely ________
A) reduce M1, without affecting M2 B) reduce M2, without affecting M1 C) cause a temporary increase in M1 D) affect neither M1 nor M2 E) none of the above
Economics
Marginal cost is defined as the increase in total cost resulting from an increase in
a. one unit of output. b. output of 100 units. c. a firm's plant size. d. one unit of labor.
Economics