Empirical evidence indicates that money demand is determined by
A) interest rates and the level of GDP.
B) the inflation rate and the unemployment rate.
C) interest rates and the money supply.
D) the money supply and the level of GDP.
A
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Which of the following statements is true?
A. Karl Marx coined the term "the invisible hand." B. Adam Smith wrote Das Kapital. C. Karl Marx believed the state would eventually wither away leaving a worker's paradise. D. Adam Smith believed that individuals unselfishly pursue the public good.
What leads to a decrease in the quantity supplied of a good or service?
What will be an ideal response?
Which of the following is true about a payroll tax?
A. It reduces the net wage to employees. B. It results in more workers being employed. C. It shifts the labor supply curve to the right. D. It reduces the nominal cost of labor.
In the short run, which of the following is the most likely effect of an anticipated move to a more expansionary monetary policy?
What will be an ideal response?