In the aggregate demand-aggregate supply model, the short-run effects of an unanticipated decrease in the money supply will be
a. lower real interest rates and an increase in aggregate demand.
b. higher real interest rates and an increase in aggregate demand.
c. lower real interest rates and a reduction in aggregate demand.
d. higher real interest rates and a reduction in aggregate demand.
D
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Refer to Figure 13-17. Suppose the firm is currently producing Qf units. What happens if it increases its output to Qg units?
A) It will move from a zero profit situation to a loss situation B) Its average cost of production will fall and its profit will rise. C) It will move from a zero profit situation to a profit situation D) It will be taking advantage of economies of scale and will be able to lower the price of its product.
Intellectual property rights protection is a critical issue for the pharmaceutical industry among others
Indicate whether the statement is true or false
Diseconomies of scale occur when high levels of output are produced in a short period of time
a. True b. False Indicate whether the statement is true or false
In the language of macroeconomics, investment refers to
a. saving. b. the purchase of new capital. c. the purchase of stocks, bonds, or mutual funds. d. All of the above are correct.