A change in financial technology that reduces the need to hold ...

[berenicecastro]

A change in financial technology that reduces the need to hold cash balances ________ the demand for money and ________ the equilibrium nominal interest rate.
 
  A) increases; raises
  B) decreases; lowers
  C) increases; lowers
  D) decreases; raises
  E) decreases; does not change

Question 2

Classical growth theory predicts that increases in
 
  A) competition increase economic growth.
  B) real GDP per person are temporary and not sustainable.
  C) resources permanently increase real GDP per person.
  D) real GDP per person are permanent and sustainable.
  E) resources permanently increase labor productivity.

[olderstudent]

Answer to Question 1

B

Answer to Question 2

B

[berenicecastro]

TYSM

[Liddy]

Thanks for the timely response, appreciate it