Author Question: If nominal interest rates rise, what will happen to demand for money? a. It will increase. b. It ... (Read 228 times)

bcretired · **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