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Author Question: If nominal interest rates rise, what will happen to demand for money? a. It will increase. b. It ... (Read 240 times)

bcretired

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on: Jun 30, 2018
If nominal interest rates rise, what will happen to demand for money?
 a. It will increase.
 b. It will decrease.
 c. Nothing; the economy will move to a new quantity demanded at a new interest rate.
 d. It depends on what happens to other determinants of demand for money like prices or income.

Question 2

If the real GDP of a developed country doubles in 48 years, the average annual growth rate in real GDP must be _____.
 a. 1.5
  b. 3.5
  c. 0.67
  d. 0.012
  e. 24


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JYan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


bcretired

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  • Posts: 525
Reply 2 on: Jun 30, 2018
:D TYSM

TheDev123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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