Author Question: If money supply and money demand both increased: a. nominal interest rates would increase and ... (Read 175 times)

natalie2426 · **on:** Jun 30, 2018

If money supply and money demand both increased:
a. nominal interest rates would increase and investment would increase.
b. nominal interest rates would increase and investment would decrease.
c. nominal interest rates would decrease and investment would increase.
d. the change in nominal interest rates and investment would be indeterminate.

Question 2

The income of the town of Kennebunkport has been growing by 2 percent per year. If this growth continues into the future, how long will it take until the town's income has doubled?
a. About 36 years
b. About 24 years
c. About 96 years
d. About 50 years
e. About 144 years