High interest rates might ________ purchasing a house or car but at the same time high interest rates might ________ saving
A) discourage; encourage
B) discourage; discourage
C) encourage; encourage
D) encourage; discourage
A
Economics
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The law of demand asserts that all else equal, if the price of a good ________, the quantity demanded of that good ________
A) stays the same; decreases B) falls; decreases C) rises; stays the same D) falls; increases E) None of the above is correct.
Economics
Assume there are 75 transactions a year in an economy with a money supply of $300 . If the average value of each transaction is $20, then the velocity of money is
a. 1/2. b. 1 c. .2 d. 20.
Economics