When Real GDP Decreases

question 29

Multiple Choice

When real GDP decreases,

• A) there is movement up along the money demand curve.
• B) there is movement down along the money demand curve.
• C) the opportunity cost of holding money decreases.
• D) the money demand curve shifts leftward.
• E) the money demand curve shifts rightward.

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Definitions:

Services

Intangible products offered by businesses, such as consulting, repairs, or entertainment.

3-way Match

An accounting control process matching the purchase order, delivery note/packing slip, and invoice before making a payment to the supplier.

Internal Control

Processes and procedures put in place by a company to ensure the integrity of financial and accounting information, enhance accountability, and prevent fraud.

Sales Tax Payments

Payments made to local, state, or federal tax authorities for sales tax collected from customers on taxable sales.