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Author Question: If you hold money in anticipation of household emergency expense, this represents the:: a. ... (Read 73 times)

HCHenry

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If you hold money in anticipation of household emergency expense, this represents the::
 a. speculative demand for holding money.
  b. transactions demand for holding money.
  c. opportunity cost motive for holding money.
  d. precautionary demand for holding money.
  e. regressive cost of holding money.

Question 2

A business cycle is the:
 a. period of time in which expansion and contraction of economic activity are equal.
  b. period of time in which there are three phases: peak, depression, and recovery.
  c. recurring growth and decline in real GDP.
  d. period of time in which a business is established and ceases operations.



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ghepp

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Answer to Question 1

d

Answer to Question 2

c



HCHenry

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ghepp

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