-In the Above Figure,if the Interest Rate Is 3 Per

question 105

Multiple Choice

-In the above figure,if the interest rate is 3 per cent per year,the quantity of money demanded is

• A)greater than the quantity of money supplied,and the demand for money curve will shift.
• B)greater than the quantity of money supplied,and the interest rate will change.
• C)less than the quantity of money supplied,and the interest rate will change.
• D)greater than the quantity of money supplied,and the supply of money curve will shift.
• E)less than the quantity of money supplied,and the demand for money curve will shift.

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Definitions:

Bushels

A unit of volume that is used for quantities of dry commodities (such as grains or produce), where the capacity varies according to the commodity.

Profit

The financial gain made in a transaction or operation, calculated as total revenues minus total costs.

Production Function

A mathematical relationship expressing the amount of output generated from different amounts of inputs.

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.