Author Question: As nominal Gross Domestic Product (GDP) rises, people will wish to A) hold less money for ... (Read 80 times)

iveyjurea · **on:** Jun 29, 2018

As nominal Gross Domestic Product (GDP) rises, people will wish to

A) hold less money for transactions.
B) hold more money for transactions.
C) spend less.
D) invest only in stocks.

Question 2

Leakages in the circular flow model are

A) caused by people not acting rational.
B) possible when unemployment exists.
C) reflected in the vertical long-run aggregate supply curve.
D) caused by people saving instead of spending.