An increase in the nominal interest rate leads to
A) a movement upward along the demand for money curve.
B) a rightward shift in the demand for money curve.
C) neither a shift in nor a movement along the demand for money curve.
D) a movement downward along the demand for money curve.
E) a leftward shift in the demand for money curve.
A
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All of the following products are likely to have significant network externalities except
A) cat food. B) cell phones. C) Twitter. D) popular board games.
The law of diminishing returns begins first to affect a firm's short-run cost structure when
A) average variable cost begins to increase. B) marginal cost begins to increase. C) average cost begins to increase. D) average fixed cost begins to decrease.
Which of the following is NOT a necessary condition for a firm to price discriminate?
A) The firm must be able to separate markets. B) Buyers in different markets must have different elasticities of demand. C) Resale of the product must be preventable. D) The firm must be a price-taker.
Which of the following statements about international trade restrictions is true?
a. They ensure that only efficient producers survive. b. They ensure that countries specialize only in those products that they can produce most efficiently. c. They harm domestic consumers in the majority of cases. d. They typically benefit foreign producers at the expense of domestic consumers. e. They ensure that higher-quality goods are provided at lower prices.