Which of the following factors does NOT shift the demand curve for money?
A. changes in the interest rate
B. changes in the price level in the economy
C. changes in real income
D. changes in real GDP
Answer: A
You might also like to view...
Price wars can be the result of
A) a cooperative equilibrium. B) a firm playing a tit-for-tat strategy in which last period the competitors complied with a collusive agreement. C) new firms entering the industry and immediately agreeing to abide by a collusive agreement. D) new firms entering an industry and all firms then finding themselves in a prisoners' dilemma.
National income equals
A) net national product minus statistical discrepancy. B) gross national product minus depreciation. C) GNP minus depreciation and taxes on production and imports. D) net national product minus taxes on production and imports and employer contributions to Social Security.
John Nash, the mathematician responsible for the Nash equilibrium, also proved that any reasonable bargaining outcome would
a. Split the gains from trade b. Allocate the gains from trade to the seller c. Allocate the gains from trade to the buyer d. All of the above
Refer to Figure 33-4. If the economy is in long-run equilibrium, then an adverse shift in aggregate supply would move the economy from
1. A to B 2. C to D 3. B to A 4. D to C