The Money Demand Curve,with the Interest Rate on the Vertical

question 131

Multiple Choice

The money demand curve,with the interest rate on the vertical axis,has a

• A)positive slope.
• B)negative slope.
• C)zero slope.
• D)positive slope for low levels of money demand,and a negative slope for high levels of money demand.

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Definitions:

Id

A component of personality in psychoanalytic theory, it represents the instinctual drives and is the source of basic impulses and desires.

Ego

The part of the psyche in psychoanalysis that deals with reality, operating on the reality principle and mediating between the desires of the id and the morals of the superego.

Superego

In Freudian psychoanalysis, the part of a person's mind that acts as a self-critical conscience, reflecting social standards learned from parents and teachers.

Free Will

The concept that human beings have the power to make choices and decisions without constraints, implying a degree of autonomy and self-determination.