The demand for money curve is the relationship between ________ and ________, other things remaining the same
A) the quantity of nominal money demanded; the real interest rate
B) the quantity of real money demanded; the real interest rate
C) the quantity of nominal money demanded; the nominal interest rate
D) the quantity of real money demanded; the nominal interest rate
D
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Real business cycle theory states that the most important cause of business cycles is
A) shocks to the money supply. B) interest rate shocks. C) Federal Reserve policy decisions. D) shocks to tastes and technology.
An increase in the price level causes a ________ the IS curve and a ________ the aggregate demand curve
A) movement up along; movement down along B) shift to the right of; movement down along C) movement down along; movement down along D) shift to the left of; movement up along
The Pension Benefit Guaranty Corporation, which protects employee pensions for participating firms, is not a well-designed insurance program
Indicate whether the statement is true or false
A restaurant, which operates in a perfectly competitive market, is evaluating whether it should serve breakfast on a daily basis. It would choose to do this when its revenues cover its variable costs
a. True b. False Indicate whether the statement is true or false