In the short run, an increase in the quantity of money normally
A. has no effect; in the long run, V will increase.
B. has no effect; in the long run, V will decrease.
C. results in an increase in velocity.
D. results in a decrease in velocity.
Answer: D
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If consumers suddenly became more optimistic ________
A) they would spend more at any given inflation rate B) planned expenditures would decline C) the aggregate demand curve would shift to the left D) all of the above E) none of the above
Unlike an owner, a manager may be more concerned with _____ than with _____. Which pair of words best completes this sentence?
a. profits, personal benefits b. personal benefits, profits c. profits, working conditions d. cost, revenue
Politicians tend to prefer
a. expansionary fiscal policy over contractionary policy. b. contractionary fiscal policy over expansionary policy. c. both contractionary and expansionary fiscal policy. d. discretionary fiscal policy over expansionary policy.
"A reduction in gasoline prices caused the demand for gasoline to increase. The lower gas prices also led to an increase in demand for large cars, causing their prices to rise." These statements
What will be an ideal response?