A decrease in the money supply will shift the aggregate __________ curve to the __________
A) supply; left
B) supply; right
C) demand; left
D) demand; right
C
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The value of the U.S. dollar bill is determined by
A) the quantity of gold in Fort Knox. B) the quantity of gold in the Federal Reserve. C) the quantity of gold in circulation. D) the gold futures market. E) none of the above.
A curve is plotted with y measured on the vertical axis and x measured on the horizontal axis. The slope of the curve equals
A) y divided by x. B) the change in y divided by x. C) the change in y divided by the change in x. D) y divided by the change in x.
________ would gain from expanded immigration
A) Domestic labor B) Domestic capital C) Both domestic labor and capital D) Neither domestic labor nor capital
With overnight repos, __________ earn interest while sacrificing virtually no liquidity
A) corporations B) banks C) governments D) consumers