When the money supply increases
a. interest rates fall and so aggregate demand shifts right.
b. interest rates fall and so aggregate demand shifts left.
c. interest rates rise and so aggregate demand shifts right.
d. interest rates rise and so aggregate demand shifts left.
a
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Government in the United States spends more as a percentage of GDP than in most other industrialized nations
a. True b. False Indicate whether the statement is true or false
A major macroeconomic leakage from the circular flow is:
a. Saving b. Gross private domestic investment c. Government spending. d. All of the above. e. None of the above.
In a monopoly, the market demand curve is
A. the summation of all the individual firm's cost curves. B. the same as the demand curve facing the firm. C. the marginal cost curve above minimum average variable cost. D. nonexistent.
Given the monopolistic firm pictured below what is the profit-maximizing price?
A. P1
B. P2
C. P4
D. 0