Solved

If the Interest Elasticity of Money Demand Is -0

Question 68

Multiple Choice

If the interest elasticity of money demand is -0.1,by what percent does money demand change if the nominal interest rate rises from 2% to 3%?

A) -0.1%
B) 5%
C) 0%
D) -5%

Related Questions

Q63: If the nominal money supply grows 6%,real

Q64: A good that is used as a

Q65: If real income rises 4%,prices rise 1%,and

Q66: What are the major components of M1?

Q67: moneys primary role in the economy comes

Q69: The idea that investors today compare the

Q70: Suppose velocity is 3,real output is 9000,and

Q71: If nominal money supply grows 3% and

Q72: Why did some of the formerly Communist

Q73: Which of the following is not part