The purchasing power of money decreases as the:
A. production decreases.
B. price level increases.
C. employment increases.
D. demand increases.
Answer: B
You might also like to view...
If the MB of polluting decreased, then what would happen to the optimal level of pollution?
A. Decrease B. Unsure C. Increase D. Stay the same
Which of the following is likely to affect the position and shape of society’s production possibilities frontier?
A. Volume of physical resources B. Level of labor skills C. Level of technology D. Amount of factories on hand E. All of the responses are correct.
If the Fed wants to increase the federal funds rate through open market operations, it ________
A) decreases tax rates B) buys bonds C) sells bonds D) increases tax rates
If the marginal propensity to consume is equal to 0.8, the addition of $60 billion in aggregate expenditure will increase national income by
a. $48 billion b. $300 billion c. $60 billion d. $18.8 billion e. $108 billion