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Author Question: The speculative demand for money: a. varies inversely with income. b. is only concerned with ... (Read 88 times)

humphriesbr@me.com

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on: Jun 30, 2018
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.


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aloop

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

e


humphriesbr@me.com

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Reply #2 on: Jun 30, 2018
Thank you


aloop

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Reply #3 on: Jun 30, 2018
No problemo


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