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

[iveyjurea]

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.

[frre432]

Answer to Question 1

B

Answer to Question 2

D

[iveyjurea]

YES! Correct, THANKS for helping me on my review

[raili21]

Thanks for the timely response, appreciate it