Since the 1970s, Which Factors Have Lead to an Increase

question 188

Multiple Choice

Since the 1970s, which factors have lead to an increase in demand for M1?

• A) financial innovation
• B) increases in real GDP
• C) increased use of credit cards
• D) Both answers A and B are correct.

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Definitions:

Market Demand Curve

A graph representing the total quantity of a good or service demanded across different prices in a market.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition.

Barriers To Entry

Economic, procedural, or regulatory obstacles that prevent or hinder new competitors from easily entering an industry or area of business.

Number Of Sellers

The quantity of providers or sellers in a market, affecting competition and pricing dynamics.