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the shift of money curve depends on all of the following except
A. income
B.the price level
C. the interest rate
D.inflation
Step by step
Solved in 2 steps
- What is the effect of inflation on the real value of money? a. Decrease b. Not related c. No effect d. IncreaseFiat money is Select one: a.money backed by gold or some other precious metal. b.commodity money like salt. c.valuable only because some authority decrees it to be. d.the name given to Italian lira when it is falling in value. One of the impacts of inflation is Select one: a.the real value of money falls. b.wealth is transferred from borrowers to savers. c.an increase in speculative holdings of cash. d.higher real interest rates.The quantity theory of money has which of the following implications?When the money supply grows faster than potential output, there is deflationIs based on the idea that monetary policy can affect the unemployment rate in the long runA central bank can increase the velocity of moneyNone of the abov
- . Let real GDP growth-2.4% per year, money growth-5% per year, nominal interest rate 4.8% and velocity of money-constant. (a) Find the inflation rate, the real interest rate, and the cost of holding money.Which of the following would indicate that the dollar amount being analyzed is money? a. M1 money stock of $1.4 trillion at the end of 2010 b. The first quarter of 2002 c. Microsoft profits of $500 billion in 2010 d. Nominal GDP in 2010 of $14.7 trillion"Transactions demand for money depends on income and intrest rate." Explain (please use the graphs if needed and explain the question very long)
- Which of the following are the four influences on the demand for money? (Check all that apply) A. Money Supply B. Inflation C. Income D. Interest Rates E. Credit AvailabilityBased on these motives, what variables did he think determined the demand for money? (Check all that apply.) A. Nominal interest rate. B. Income. C. Price level. D. The risk of losing money.The government of a country increases the growth rate of the money supply from 5 percent per year to 50 percent per year. a) What happens to prices? b) What happens to nominal interest rate? c) Why might the government be doing this?
