During a period of contractionary monetary policy
A) the price level is increased, which leads to an increase in the money supply.
B) the price level is decreased, which leads to a decrease in the money supply.
C) the rate of growth of the money supply is increased, leading to an increase in the price level.
D) the rate of growth of the money supply is reduced, leading to a decrease in the price level.
D
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According to the Regional HIV and AIDS Statistics data from WHO, which region of the world has the largest number of adults and children living with HIV?
(a) South and South-East Asia (b) Sub-Saharan Africa (c) Latin America (d) North America
Productivity levels in rich countries are:
a. higher than in poor countries b. lower than in poor countries c. about the same as in poor countries d. not related to those in poor countries
Your professor loves his work, teaching economics. He has been offered other positions in the corporate world that would increase his monetary income by as much as 25 percent, but he has decided to continue working as a professor. His decision to continue teaching rather than taking other positions would not change unless
a. the marginal cost of teaching increased above the marginal benefit. b. the marginal benefit of teaching increased above the marginal cost. c. the marginal cost of teaching decreased. d. the marginal benefit of a corporate job decreased.
If a firm in a monopolistically competitive market has a demand curve that is shifting to the right, it will only stop shifting when:
A. the firm's price is equal to its average total costs. B. the firm is earning zero economic profits. C. other firms have no incentive to leave the market. D. All of these statements are true.