"Real money balances" refers to
A. 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.
Answer:B
"Real money balances" refers to
A. 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.