If the quantity supplied of money exceeds the quantity demanded of money, people will ________ bonds which will cause bond prices to ________ and the nominal interest rate to ________ until the quantity demanded and quantity supplied of money are equal.
A. sell; fall; fall
B. sell; rise; fall
C. buy; fall; rise
D. buy; rise; fall
Answer: D
You might also like to view...
The above table shows the short-run total product schedule for the campus book store. With which employee do diminishing marginal returns set in?
A) the 9th employee B) the 6th employee C) the 5th employee D) the 2nd employee
In the Keynesian model in which the Keynesian short-run aggregate supply curve exists
A) the short-run aggregate supply curve determines real GDP. B) the aggregate demand curve determines the price level. C) unemployment cannot persist for long periods of time. D) aggregate demand determines real GDP per year.
A work stoppage by a union in solidarity with another union's cause is known as a
A) secondary boycott. B) sympathy strike. C) jurisdictional dispute. D) primary boycott.
Economic growth and development in LDCs are low because many of them lack:
a. saving. b. infrastructure. c. a political environment favorable to growth. d. All of the answers are correct.