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Author Question: The quantity of money demanded to satisfy transactions needs: a. is intended for unexpected ... (Read 57 times)

jc611

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on: Jun 30, 2018
The quantity of money demanded to satisfy transactions needs:
 a. is intended for unexpected expenditures.
  b. increases with the level of real GDP.
  c. decreases with the level of real GDP.
  d. is unrelated to either national income or the interest rate.
  e. varies inversely with the liquidity demand for money.

Question 2

How do we measure economic growth?
 a. Increases in the price level, as indicated by the GDP chain price index.
  b. Increases in nominal GDP.
  c. Increases in real GDP.
  d. Increases in the labor force.


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Hikerman221

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

b

Answer to Question 2

c


jc611

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

coreycathey

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Reply 3 on: Yesterday
Excellent

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