The total demand for money curve will shift to the right as a result of:
A. an increase in nominal GDP.
B. an increase in the interest rate.
C. a decline in the interest rate.
D. a decline in nominal GDP.
A. an increase in nominal GDP.
Economics
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The deposit multiplier is given by the formula
A) change in checkable deposits ÷ change in required reserves. B) change in checkable deposits ÷ change in reserves. C) change in excess reserves ÷ change in checkable deposits. D) change in legal reserves ÷ change in excess reserves.
Economics
Tax incidence refers to
A) determining who sends the taxes into the government. B) the tendency of some people to avoid paying taxes at all. C) the distribution of tax burdens among groups, or who really pays a tax. D) determining the marginal tax rate applied to any increase in income.
Economics