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Tidy Tidy
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9 years ago
Suppose that households became mistrustful of the banking system and decide to decrease their checking accounts and increase their holdings of currency. Using the money demand and money supply model and assuming everything else is held constant, the equilibrium interest rate should
A) increase.
B) decrease.
C) not change.
D) increase, then decrease.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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9 years ago
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Tidy Author
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9 years ago
this is exactly what I needed
dri
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Yesterday
Brilliant ツ
kh540941
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2 hours ago
You make an excellent tutor!
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