From 1970 to 2010, as a fraction of GDP, the quantity of money that people and businesses have held has been
A) changing only as the interest rate changed.
B) fluctuating erratically.
C) increasing.
D) independent of people's use of credit cards.
E) decreasing.
Correct Answer:
Verified
Q10: Q11: As opportunity cost of holding money increases, Q12: If real GDP decreases, there is Q13: The quantity of money demanded Q14: When the price level rises, the demand Q16: Q17: In the money market, if the nominal Q18: In the money market, in the short Q19: When the nominal interest rate falls, there Q20: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)a rightward
A)is infinite.
B)is the