52)"Real money balances" refers toA)the currency part of the total money supply.B)the money supply divided by the price level.C)the money supply times one minus the interest rate.D)the non-interest-earning part of the money supply.
53)An increase in real GDP causes the demand for real money balances to
54)On a money demand diagram with the interest rate on the vertical axis, the real money balance demand schedule would be a vertical line under the assumption that
55)Money is assumed to earn
56)Holding nonmonetary assets and converting them to money when necessary is justifiable solong asA)nonmonetary assets pay an interest rate above that available on money.B)nonmonetary assets pay an interest rate below that available on money.C)money, and not nonmonetary assets, are generally used in transactions.D)money and nonmonetary assets are both used as bartering items.