When the nominal interest rate is ________ the equilibrium interest rate, the quantity of money demanded is less than the quantity of money supplied; when the nominal interest rate is ________ the equilibrium interest rate, the quantity of money
demanded exceeds the quantity of money supplied.
A) equal to; less than
B) less than; greater than
C) greater than; equal to
D) equal to; greater than
E) greater than; less than
E
You might also like to view...
Margo orders a MacBook Pro computer from The Apple Store online to use it in her graphic design business. How will this be reflected in the figure above?
A) as expenditures on goods and services B) as a flow of a factor of production C) as a flow of goods and services bought D) as goods and services supplied E) It won't be shown in the figure because this transaction takes place neither in goods markets nor in factor markets. The figure above shows governments in the circular flow.
If a firm's short-run average cost curves are u-shaped, does this imply that the long-run average cost curve must also be u-shaped?
What will be an ideal response?
Which of the following refers to the extent to which it’s possible for voters to sanction parties for the actions they take while in office?
A. retrospective voting B. prospective voting C. accountability D. clarity of responsibility
If nominal GDP for 2009 is $6400 billion and real GDP for 2010 is $6720 billion (in 2009 dollars), then the growth rate of real GDP is
A) 0%. B) 0.5%. C) 5%. D) 50%.