If nominal interest rates rise, what will happen to demand for ...

[bcretired]

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

[JYan]

Answer to Question 1

c

Answer to Question 2

a

[bcretired]

Thanks for the timely response, appreciate it

[juliaf]

Excellent