The long-run effect of an increase in the growth rate of the quantity of money is a
A) higher nominal interest rate.
B) lower nominal interest rate.
C) lower real interest rate.
D) lower inflation rate.
E) higher real interest rate.
A
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A shortage is defined as the situation that exists when the quantity of a good supplied is greater than the quantity demanded
Indicate whether the statement is true or false
In the United States, the death rate has been decreasing for a number of reasons. According to the book which is not a reason
a. Decrease in infant mortality b. Increase in life expectancy c. Out migration d. Declining rates of heart disease
If a subsidy is granted to perfectly competitive firms that provide external benefits to society, the firm's marginal cost curve will shift ________ and the industry supply curve will shift to the ________.
A. down; right B. up; left C. up; right D. down; left
If the Federal Reserve wished to engage in expansionary monetary policy, it could
A. sell government debt. B. lower the federal funds rate target. C. raise the reserve ratio. D. raise the primary credit rate.