If the money supply in an economy is increased, the interest rate will fall, and real GDP will decrease
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Resolution of dumping cases in the U.S. involve investigations by
A) the Justice Department and the International Trade Commission. B) the Justice and Commerce Departments. C) the Justice Department only. D) the Commerce Department and the International Trade Commission.
The velocity of money is the total number of times per year that a dollar is used to purchase final goods and services
Indicate whether the statement is true or false
The figure above shows the demand for fruit snacks. Which movement reflects an increase in demand?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
A firm is currently operating where the MC of the last unit produced = $64, and the MR of this unit = $70. What would you advise this firm to do?
A. Shut down. B. Increase output. C. Stay at current output. D. Decrease output.