An increase in the money supply will
A. decrease aggregate supply.
B. increase aggregate supply.
C. increase aggregate demand.
D. decrease aggregate demand.
Answer: C
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The prediction of permanent, growing shortages of fresh drinking water by the year 2050 assumes
A) water prices will increase. B) water prices will decrease. C) water prices will not adjust appropriately to coordinate the market. D) nobody will be able to collect water from rain and snowstorms.
Will a monopolistically competitive firm continue to operate in the short run despite earning negative economic profit? Explain your answer
What will be an ideal response?
All levels of government combined spend approximately 35 percent (plus or minus 3 percent) of GDP
Indicate whether the statement is true or false
Explain the concept of externality and give an example