In the Keynesian transmission mechanism, if investment is completely interest-insensitive, then an increase in the money supply will
A) cause total expenditures and aggregate demand to increase.
B) cause total expenditures and aggregate demand to decrease.
C) have no impact on total expenditures and aggregate demand.
D) cause total expenditures to increase and aggregate demand to decrease.
E) cause total expenditures to decrease and aggregate demand to increase.
C
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In the figure above, the economy is at point A when the price level rises to 120. Money wage rates and other resource prices remain constant. Firms are willing to supply output equal to
A) $15.5 trillion. B) $16.0 trillion. C) $16.5 trillion. D) None of the above answers is correct.
Improvements in output per worker
A. Depend only on increases in the quality of capital equipment. B. Depend only on increases in the quantity of capital equipment. C. Depend in large part on increases in the quality of capital equipment and the quantity of capital equipment per worker. D. Do not depend on increases in the quantity of capital equipment or the quality of capital equipment.
In which of the following cases did the government successfully block a merger?
A. Staples and Office Depot B. Interstate Bakeries and Continental Bakery C. AT&T and Verizon D. Standard Oil and Mobil
Real estate taxes, special assessment liens, and federal estate tax liens are all types of _________ liens
Fill in the blank(s) with the appropriate word(s).