In the Keynesian model in the long run, a decrease in the money supply will cause ________ in the real interest rate and ________ in the price level.
A. no change; an increase
B. a decrease; a decrease
C. no change; a decrease
D. an increase; an increase
Answer: C
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The Chinese Exclusion Act of 1882 was the first restriction on immigration, in the U.S
a. True b. False Indicate whether the statement is true or false
The monopolist's demand curve is identical to
a. the monopolistic competitor's demand curve b. the industry demand curve c. a horizontal line that represents a constant price across the production range d. mutual interdependence e. a collection of firms producing the same good
External debt of the United States refers to
A. U.S. government debt held by foreigners. B. Combined foreign debt held by sources outside the U.S. government. C. The ownership of nongovernment debt by the government. D. The debt of nongovernment organizations.
Because a monopolist has no incentive to control costs under a policy of average-cost pricing, we can expect:
A. price to increase over time as costs rise. B. price to fall over time as costs rise. C. profits to increase over time as costs rise. D. profits to decrease over time as costs rise.