The money demand curve will shift to the left if:
A. real income decreases.
B. the price level increases.
C. the nominal interest rate decreases.
D. the nominal interest rate increases.
Answer: A
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According to the graph above, the expansion that began in December 1914 had a duration of ________
A) 51 months B) 4 years C) 3 years D) 44 months E) 20 months
Consider a broom factory that permanently closes because of foreign competition. If the broom factory's workers cannot find new jobs because their skills are no longer marketable, then they are classified as:
a. seasonally unemployed. b. frictionally unemployed. c. structurally unemployed. d. cyclically unemployed.
At a particular level of output, the difference between average total cost and average fixed cost is average variable cost.
Answer the following statement true (T) or false (F)
A French tourist spent $1,200 in the U.S this year. This transaction will lead to a(n)
A) increase in the GDP of France B) decrease in the GDP of France C) increase in the GDP of U.S. D) decrease in the GDP of U.S.