In the above figure, suppose the economy is initially on the demand for money curve MD1. What is the effect of an increase in real GDP?
A) The demand for money curve would shift rightward to MD2.
B) The demand for money curve would shift leftward to MD0.
C) There would be a movement upward along the demand for money curve MD1.
D) There would be a movement downward along the demand for money curve MD1.
A
You might also like to view...
A market demand curve is found by
A) adding the prices each consumer would pay for each quantity. B) adding the prices and the quantities demanded by a consumer. C) adding the quantities demanded for each individual consumer at each price. D) taking the demand curve of the "representative" consumer.
Wage differentials between groups can occur as a result of
a. job market discrimination and premarket discrimination only b. differences in education, job experience, and geographic location only c. job market discrimination and differences in education and job experience only d. premarket discrimination and differences in geographic location only e. premarket discrimination, job market discrimination, and differences in education, job experience, and geographic location
Americans are creating an enormous amount of solid waste daily—over 4 pounds per person per day. How is the United States coping with this extraordinary problem?
What will be an ideal response?
One reason the supply of carpenters is greater than the supply of physicians is because:
A. carpenters demand less income. B. physicians do not belong to a union. C. of differences in human capital. D. carpenters belong to unions.