In the short run, a permanent increase in the domestic money supply causes
A) a greater upward shift in the DD curve than that caused by an equal, but transitory, increase.
B) a greater downward shift in the AA curve than that caused by an equal, but transitory, increase.
C) an smaller upward shift in the AA curve than that caused by an equal, but transitory, increase.
D) a smaller downward shift in the AA curve than that caused by an equal, but transitory, increase.
E) a greater upward shift in the AA curve than that caused by an equal, but transitory, increase.
E
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Which of the following is included in the study of macroeconomics?
A. wage rate of college students B. prices of automobiles C. unemployment in the nation D. price of silver and gold
What are the basic lessons learned about the redistributive effects of price changes?
What will be an ideal response?
An increase in the number of consumers in a market would cause
A) an increase in quantity demanded. B) an increase in quantity supplied. C) an increase in demand. D) an increase in supply.
Our merchandise balance of trade has been negative since the year
A. 1971. B. 1976. C. 1981. D. 1986.