According to the simple quantity theory of money in the AD-AS framework, when the money supply decreases, the __________ curve shifts to the __________
A) AD; left
B) AD; right
C) AS; left
D) AS; right
A
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Which of the following is a goal of a welfare system?
A. To reduce the number of children born B. To maintain political support by not being overly expensive C. To make recipients happy D. None of the above
Land is:
A) an artificially created input whose supply is fixed. B) a naturally occurring input whose supply is fixed. C) an artificially created input whose supply is variable. D) a naturally occurring input whose supply is variable.
The true causal effect might not be the same in the population studied and the population of interest because
A) of differences in characteristics of the population B) of geographical differences C) the study is out of date D) all of the above
If the natural rate of unemployment falls,
a. both the short-run and long-run Phillips curves shift left. b. the short-run Phillips curve shifts left, the long-run Phillips curve is unchanged. c. the short-run Phillips curve is unchanged, the long-run Phillips curve shifts right. d. the short-run and the long-run Phillips curves shift right.