Choose the Correct Statement

question 71

Multiple Choice

Choose the correct statement.

• A)The quantity of money measured in dollars is nominal money.
• B)The quantity of money measured in constant dollars is nominal money.
• C)The quantity of nominal money demanded is inversely related to the price level.
• D)As the interest rate rises, the quantity of real money demanded increases.
• E)As real GDP increases, the quantity of nominal money demanded decreases.

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Definitions:

Rhodopsin

Light-sensitive substance found in the rods of the retina; composed of opsin loosely bound to retinal.

Retinal

A form of vitamin A that plays a crucial role in the conversion of light into a signal that can be interpreted by the brain, leading to vision.

Opsin

Protein portion of the rhodopsin molecule; a class of proteins that bind to retinal to form the visual pigments of the rods and cones of the eye.

Rhodopsin

A light-sensitive pigment found in the rod cells of the retina, crucial for night vision.