Suppose there are no firms, only the government and households. What would the total demand for funds curve look like in such a world? a. Upward sloping b. Perfectly vertical c. Downward sloping d. There would be no such curve e. Perfectly horizontal

Suppose there are no firms, only the government and households. What would the total demand for funds curve look like in such a world? a. Upward sloping b. Perfectly vertical c. Downward sloping d. There would be no such curve e. Perfectly horizontal

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter13: Money And The Banking System

Section: Chapter Questions

Problem 4CQ

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Question

Suppose there are no firms, only the government and households. What would the total demand for funds curve look like in such a world?

	a.	Upward sloping
	b.	Perfectly vertical
	c.	Downward sloping
	d.	There would be no such curve
	e.	Perfectly horizontal

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