Equilibrium in the money market occurs when:
A. the quantity of money demanded equals the quantity of money supplied.
B. the quantity of money demanded is less than the quantity of money supplied.
C. the quantity of money demanded is more than the quantity of money supplied.
D. the interest rate equals the money supply.
Answer: A
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Long-run macroeconomic equilibrium occurs when
A) aggregate demand equals short-run aggregate supply and they intersect at a point on the long-run aggregate supply curve. B) structural and frictional unemployment equals zero. C) aggregate demand equals short-run aggregate supply. D) output is above potential GDP.
Job candidates during a job search will seek to provide employers with ______ but avoid providing _____:
A. positive signals; negative signals. B. as much information as possible; private information. C. negative signals; positive signals. D. truthful information; false information.
The presence of discouraged workers may cause:
a. the employment rate to be overstated. b. the employment rate to be understated. c. the unemployment rate to be overstated. d. the unemployment rate to be understated. e. GDP to be too large.
Refer to Figure 6-36. If the government places a $2 tax in the market, the buyer pays $4.
a. true
b. false