The demand for money increases and the demand for money curve shifts rightward if
A) the real interest rate increases.
B) the inflation rate increases.
C) the nominal interest rate increases.
D) the price level falls.
E) real GDP increases.
E
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New Keynesian economists
a. believe that the deviations of output below potential output during recessions are socially costly. b. presume that much unemployment is involuntary. c. attempt to improve the microeconomic foundations of the traditional Keynesian models, not challenge their major premises. d. Both a and c e. All of the above
Political decision making tends to be biased toward the adoption of programs that have
A) future costs and future benefits that are both difficult to identify. B) future costs that are difficult to identify and current benefits that are easily observable. C) current costs that are easily observable and future benefits that are difficult to identify. D) current costs and future benefits that are both easily observable.
Which U.S. industry appears to be the most oligopolist?
a. search engines
b. tire manufacturing
c. wireless telecommunications carriers
d. major household appliance manufacturing
According to the "Rule of 70," how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5%?
A) less than 1 year B) 5 years C) 14 years D) 35 years