Answer to Question #58957 in Macroeconomics for Sadiki Porteous

Question #58957

Sadiki
Peter and Jane receive the same annual income, but Peter , who gets paid monthly, will have a much higher demand for active balances than Jane, who gets paid weekly.

a. Is this statement true ?
b. Justify your answer.

Expert's answer

Download Answer

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. After graduating from college in 2010, Art Major\'s starting salary is $50757.00. Suppose Art M
2. If the unemployment is above zero, the economy is not equal to its potential output. True or false?
3. In the international market for strawberries, Ireland is small and can be assumed to be unable to af
4. A. Suppose that the demand and supply curves for coffee in the United States are given by P = 200 -
5. Assume exports increase by $500 million and imports decrease by $300 million and that the MPC is .75
6. would like to know the solow model during Spain's 2007-08 crisis?
7. Suppose the real rate of interest is 3%, and the money supply is growing at 5%. If the growth rate o

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…