An increase in real GDP leads to
A) a movement upward along the demand for money curve but no shift of the curve.
B) a movement downward along the demand for money curve but no shift of the curve.
C) neither a shift in the demand for money curve nor a movement along the curve.
D) a leftward shift in the demand for money curve.
E) a rightward shift in the demand for money curve.
E
You might also like to view...
If a 10% increase in the price of one good, A, results in an increase of 5% in the quantity demanded of another good, B, then it can be concluded that A and B are
A. complementary goods. B. substitute goods. C. secondary goods. D. independent goods.
Which of the following statements about competition in a market is true?
A) Competition forces firms to produce and sell products as long as the marginal benefit to consumers exceeds the marginal cost of production. B) Competition forces firms to undercut their selling price, thus benefiting consumers who will be able to purchase products at the lowest price possible. C) Competition forces firms to add only low profit margins to their costs of production. D) Competition forces firms to outsource the production of their labor-intensive products.
The costs of labor and land used to produce a product is
A) administrative costs. B) costs of goods sold. C) net profit plus the cost of capital. D) none of these choices.
Wendy retails motor homes, which she buys for a sum that does not vary with the number she purchases from the manufacturer. She can sell eleven per week at $40,000 . If she limits sales to ten, she can charge $41,000 each. She will sell eleven per week if the cost of each vehicle is no more than
a. $20,000. b. $30,000. c. $40,000. d. $41,000.