If R < q,then
A) the marginal cost of using the credit card exceeds the marginal benefit.
B) the marginal benefit of using cash exceeds the marginal cost.
C) the real interest rate does not reach its equilibrium value.
D) the nominal interest rate is not in equilibrium.
E) the marginal benefit of using the credit card exceeds the marginal cost.
Correct Answer:
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Q21: The demand for money is determined by
A)
Q22: The real interest rate is approximately equal
Q23: If R > q,then
A) the marginal benefit
Q24: The nominal money demand is defined as
A)
Q25: The real return on bonds is
A) R.
B)
Q27: If the nominal interest rate is rises,
A)
Q28: The Fisher relationship may be described by
Q29: The monetary intertemporal model contains the fact
Q30: The most significant problem in trying to
Q31: Real money demand is a function of
A)
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