Between 2006 and 2007, Personal Income in the U

question 126

Multiple Choice

Between 2006 and 2007, personal income in the U.S. increased from $11 billion to $11.6 billion. As a result, the real demand for money and the demand for money curve .

• A) increased; shifted leftward
• B) decreased; shifted rightward
• C) did not change; did not shift
• D) increased; shifted rightward

---

Definitions:

European Option

A type of options contract that allows the holder to exercise the option only on its expiration date.

Underlying Asset

An asset on which a derivative instrument, such as an option or futures contract, is based, determining its value and performance.

April Option

A financial derivative contract that gives the holder the right, but not the obligation, to buy or sell an asset at a set price on or before a specific date in April.

American Put

An option contract giving the holder the right, but not the obligation, to sell a specified amount of an asset at a predetermined price before or on a specified expiration date.