An increase in the price level causes
A) the money demand curve to shift to the left.
B) the money demand curve to shift to the right.
C) a movement up along the money demand curve.
D) a movement down along the money demand curve.
Answer: B
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The supply curve for stand up paddle boards
a. shifts when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the vertical axis of the graph. b. shifts when the price of stand up paddle boards changes because the quantity supplied of stand up paddle boards is measured on the horizontal axis of the graph. c. does not shift when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the vertical axis of the graph. d. does not shift when the price of stand up paddle boards changes because the price of stand up paddle boards is measured on the horizontal axis of the graph.
Economic growth can be defined as:
a. An increasing rate of savings b. Increasing in government surplus c. Increasing Real GDP per person d. Increasing Nominal GDP
Foreign exchange reserves are
A. Used by the Federal Reserve in open market operations. B. Holdings of foreign exchange by official government agencies. C. Holdings of foreign exchange by individual citizens. D. Held illegally by many countries.
Even though price elasticity of demand is always ________, by convention its absolute value is always discussed as a ________
A) negative; prime number B) positive; negative number C) a fraction; whole number D) negative; positive number