The law of demand for money says
A) supply creates its own demand.
B) as the interest rate rises, the quantity of money demanded decreases.
C) as the interest rate rises, money demand decreases.
D) as the price level rises, the quantity of money demanded decreases.
E) as the price level rises, money demand decreases.
Correct Answer:
Verified
Q14: Which is a recognized function of money?
A)
Q15: The law of demand for money says
A)
Q16: In a world where Say's Law always
Q17: When average prices fall, the
A) quantity demanded
Q18: Bonds offer a(n)
A) uncertain stream of payments
Q20: An rise in interest rates causes a(n)
A)
Q21: The opportunity cost of holding money is
Q22: Liquidity is the opportunity cost of holding
Q23: As a unit of account, money allows
Q24: Liquidity is the
A) opportunity cost of holding
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