If Nominal Income in a Nation Decreases, Economists Would Predict

question 97

Multiple Choice

If nominal income in a nation decreases, economists would predict the:

• A) supply of money will rise.
• B) demand for money will rise.
• C) supply of money will decrease.
• D) demand for money will decrease.

---

Definitions:

Geocentric Companies

Companies that adopt a global approach to their operations, not favoring any particular country, and seeking the best approaches and people from around the world.

Best Available Talent

The most skilled and suitable individuals for a particular job or task, considering the current pool of candidates or workforce.

Asians

Refers to individuals originating from the continent of Asia, often used in the context of discussing cultural, demographic, or sociological characteristics.

Westerners

Typically refers to individuals from Western Europe, North America, and other areas influenced culturally and politically by these regions.