In the long run, the demand for money is most dependent upon the
A) level of prices.
B) interest rate.
C) availability of banking outlets.
D) availability of credit cards.
Correct Answer:
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Q1: An inflation tax is paid by those
Q3: Real economic variables measure
A)value in the prices
Q7: In the long run, inflation is caused
Q8: If the price level doubles,
A)the quantity demanded
Q11: When prices rise at an extraordinarily fast
Q12: The term hyperinflation refers to
A)the spread of
Q13: Suppose an economy produces only ice cream
Q16: In the long run, an increase in
Q17: If inflation turns out to be higher
Q20: The Fisher effect suggests that, in the
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