An increase in the interest rates will
a. cause people to hold less money, which, in turn, means that the velocity of money increases.
b. cause people to hold less money, which, in turn, means that the velocity of money decreases.
c. cause people to hold more money, which, in turn, means that the velocity of money increases.
d. cause people to hold more money, which, in turn, means that the velocity of money decreases.
a
Economics
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The manner in which a nation's economy reacts when the measured factors are changed affects almost every individual
Indicate whether the statement is true or false
Economics
Briefly explain the benefits-received principle and why it does not work well for pubic goods. Give an example that is not in the text.
What will be an ideal response?
Economics