22 money that has no value other than as money is

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22. Money that has no value other than as money is called ______ money. A)fiat B) intrinsic C) commodity D) government
22. Money that has no value other than as money is called ______ money.
23. Consider the money demand function that takes the form ( M / P )d = kY , where M is the quantity of money, P is the price level, and Y is real output. If the money supply is growing at a 10 percent rate, real output is growing at a 3 percent rate, and k is constant, what is the rate of inflation in this country?
23. Consider the money demand function that takes the form ( M / P )d = kY , where M is the quantity of money, P is the price level, and Y is real output. If the money supply is growing at a 10 percent rate, real output is growing at a 3 percent rate, and k is constant, what is the rate of inflation in this country?
24. According to the Fisher effect, the nominal interest rate moves one-for-one with changes in the: A) inflation rate. B) expected inflation rate. C) ex ante real interest rate. D) ex post real interest rate.
24. According to the Fisher effect, the nominal interest rate moves one-for-one with changes in the:
25. If the money supply is held constant, then an increase in the nominal interest rate will ______ the
25. If the money supply is held constant, then an increase in the nominal interest rate will ______ the demand for money and ______ the price level. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease

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