At lower interest rates, the:
A. money supply is indeterminate.
B. money supply is lower.
C. quantity of money demanded is higher.
D. quantity of money demanded is lower.
Answer: C
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In the 1990s the United States' economy generated more than _______ million additional jobs.
A. 5 B. 10 C. 15 D. 20
If the economy is already at its potential output, then the spending multiplier is: a. zero in the long run
b. infinite in the long run. c. equal to 1 in the long run. d. zero in the short run. e. equal to 1 in the short run.
The primary cause of frictional unemployment is:
A. discouraged workers who give up looking for work. B. fluctuations in aggregate demand. C. the lack of training and marketable qualifications in job seekers. D. inaccurate information about job opportunities.
Shocks to the economy:
A. are unexpected changes in aggregate demand or aggregate supply. B. only occur on the demand side. C. only occur on the supply side. D. refer to any economic events that change the level of output.