Which of the Following Statements Best Completes the Sentence, "All

question 38

Multiple Choice

Which of the following statements best completes the sentence, "All other factors constant, as the nominal interest rate increases, the opportunity cost of money..."?

• A) decreases, the velocity of money decreases, and the quantity of money people want to hold decreases.
• B) increases, the velocity of money decreases, and the quantity of money people want to hold decreases.
• C) decreases, the velocity of money increases, and the quantity of money people want to hold decreases.
• D) increases, the velocity of money increases, and the quantity of money people want to hold decreases.

---

Definitions:

Median Training Hours

The midpoint number of hours spent on training wherein half of the cases are above and half are below this value.

Lagging Indicator

A measurable economic factor that changes only after the economy has begun to follow a particular pattern or trend.

Leading Indicator

Economic factors that change before the economy starts to follow a particular pattern or trend, used to predict future economic activity.

Corporate Social Responsibility Objective

A self-regulated business model that helps a company be socially accountable—to itself, its stakeholders, and the public.