Other things constant, an increase in the real GDP of a country will:
a. increase the price level
b. shift the demand for money curve rightward.
c. shift the demand for money curve leftward.
d. decrease the nominal interest rate.
e. decrease the quantity of money demanded.
b
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Between 1929 and 1933, nominal interest rates ___, and real interest rates ___
a. rose, rose b. rose, fell c. fell, rose d. fell, fell
Unpaid stay-at-home fathers are included in the Bureau of Labor Statistics' "unemployed" category
a. True b. False Indicate whether the statement is true or false
When Acme Dynamite produces 250 units of output, its variable cost is $2,000, and its fixed cost is $500. It sells each unit of output for $25. When Acme Dynamite produces 250 units of output, its profit is:
A. $6,250 B. $3,750 C. $4,250 D. $5,750
In the short run, one reason why we do not define "full employment" as 0 percent unemployment is because
A. Of the direct relationship between unemployment and inflation. B. 0 percent unemployment is consistent with price stability. C. The closer the economy gets to capacity output, the greater the risk of inflation. D. Of the vertical aggregate supply curve.