If the amount of money demanded exceeds the amount supplied, the:
A. demand-for-money curve will shift to the left.
B. money-supply curve will shift to the right.
C. interest rate will rise.
D. interest rate will fall.
C. interest rate will rise.
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The Internet has made it possible to compare lots of prices without incurring a lot of cost. If Internet access is unequally distributed throughout the population one would expect
A) consumers with internet access to pay a higher price. B) consumers without internet access to pay a lower price. C) price discrimination against consumers without internet access. D) firms to charge the same price to all consumers.
The "secondary credit" of the discount rate is usually lower than the "primary credit," because it is intended for banks in good financial condition
a. True b. False Indicate whether the statement is true or false
If the U.S. government were to relax its restrictions on offshore oil well drilling in Alaska, the result to aggregate supply would be to
A. cause no long-term shifts in aggregate supply. B. cause a shift in the SRAS to the left. C. cause a shift in the LRAS to the left. D. cause a shift in both LRAS and SRAS to the right.
Gains in railroad productivity were caused by:
a. more powerful locomotives. b. automatic couplers. c. air brakes. d. All of the above are correct. e. Only a and b are correct.