If the Quantity of Money Demanded Exceeds the Quantity of Money

question 12

Multiple Choice

If the quantity of money demanded exceeds the quantity of money supplied,then

• A)the quantity of nonmonetary assets demanded exceeds the quantity supplied.
• B)the quantity of nonmonetary assets supplied exceeds the quantity demanded.
• C)the quantity of nonmonetary assets demanded will still equal the quantity supplied, all else being equal.
• D)you can make no conclusions about the relative supply and demand of nonmonetary assets.

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Definitions:

Cognitive Psychology

A branch of psychology that studies mental processes including perception, thinking, memory, and judgment.

Children

Young human beings who are not yet adults, often considered to be in the developmental stage of life before puberty.

Playing

An activity engaged in for enjoyment and recreation, especially by children.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which learning occurs through the associations between stimuli and responses.