An autonomous increase in money demand, other things equal, shifts the ________ curve to the ________
A) IS; right
B) IS; left
C) LM; left
D) LM; right
C
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If currencies around the world are based on the gold standard, and Japan raises the amount of gold for which the yen will trade, then holding all else constant,
A) the value of U.S. exports to Japan in terms of the yen will increase. B) the value of the yen relative to the dollar will stay constant. C) the yen will appreciate against the dollar. D) the yen will depreciate against the dollar.
There are two basic ways a nation can increase long-run real GDP
a. Create more money and increase government spending. b. Current account surpluses and education. c. Provide more and/or better inputs to the production process and improve the efficiency of the production process. d. Reduce nominal interest rates and increase consumption and investment. e. All of the above.
If the government increases the amount of unemployment insurance that unemployed workers can collect, the amount of frictional unemployment would be expected to:
A. fall. B. remain constant. C. rise. D. first rise and then fall.
Market power creates a flawed response to an accurate price signal.
Answer the following statement true (T) or false (F)