A decrease in real GDP can
A) shift money demand to the right and increase the interest rate.
B) shift money demand to the left and increase the interest rate.
C) shift money demand to the right and decrease the interest rate.
D) shift money demand to the left and decrease the interest rate.
D
You might also like to view...
In an economy, 42 million people are in the labor force, 38 million are employed, and 47 million are of working age. How many people are not in the labor force?
A) 19 percent B) 9 million C) 5 million D) 4 million
Countries with reliable phone service have difficulty not only communicating, but also reaping the benefits of other technology advances, such as the Internet
a. True b. False
According to the concept of framing, when a customer calls a hotel regarding a reservation the hotel reservationists generally state room rates as the _____
a. lowest they charge during peak demand periods b. average they charge during peak demand periods c. highest they charge during peak demand periods and then discount those rates d. lowest they charge during off-peak demand periods e. highest they charge during off-peak demand periods and then discount those rates
Peak-load pricing suggests that some prices are a function of
A) extensions. B) time. C) costs. D) constant elasticities.