Higher nominal interest rates ________ the amount of money demanded and a higher price level ________ the amount of money demanded.

A. decrease; decreases
B. decrease; increases
C. increase; decreases
D. increase; increases


Answer: B

Economics

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If a firm has constant returns to scale, the long-run cost curve will be downward-sloping.

Answer the following statement true (T) or false (F)

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