What is a primary determinant of the asset demand for money?

I. the interest rate
II. the opportunity cost of holding money
III. the supply of money

A) I only B) III only C) both I and II D) both II and III

C

Economics

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A severe and prolonged recessionary phase of a business cycle is sometimes described as

a. an inverted peak b. a trough c. a recession d. a depression e. nominal GDP

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Publicly provided education is generally considered

A. a public good that generates positive externalities. B. not to be a public good that generates negative externalities. C. not to be a public good that generates positive externalities. D. a public good that generates negative externalities.

Economics