If economists say that a 7 percent growth in the money supply will increase aggregate demand by 7 percent, they are assuming that velocity
a. will decrease.
b. is constant.
c. will increase.
d. is unpredictable.
b
Economics
You might also like to view...
If the current margin is greater than the desired margin,
a. MR=MC
b. MR>MC
c. MR
Economics
When the exchange rate falls, imports ________ and exports ________
A) increase; decrease B) increase; increase C) decrease; do not change D) decrease; decrease E) decrease; increase
Economics
According to some economists, what contributed to the unusual uncertainty that adversely affected aggregate supply during the recovery following the recession of 2007-2009?
What will be an ideal response?
Economics
The water and diamonds paradox can be explained by considering:
(a) Marginal Utility. (b) The difference between inferior and luxury goods. (c) Long run costs. (d) It cannot be explained.
Economics