The speculative demand for money: a. varies inversely with ...

[humphriesbr@me.com]

The speculative demand for money:
 a. varies inversely with income.
  b. is only concerned with active money.
  c. involves holding money for unexpected problems.
  d. varies directly with the transactions demand for money.
  e. varies inversely with the interest rate.

Question 2

The business cycle consists of four phases. At the top we have:
 a. expansion, followed by peak, and then recession followed by a recession.
  b. expansion, followed by a recession, and then peak followed by recession.
  c. peak, then an upturn followed by a recession, and then recession.
  d. peak, then a recession followed by expansion, and then recession.
  e. peak, then a recession followed by recession, and finally, expansion.

[aloop]

Answer to Question 1

e

Answer to Question 2

e

[humphriesbr@me.com]

Thank you

[aloop]

No problemo