An increase in the supply of money will lead to ____ in equilibrium real GDP and ____ in equilibrium price level.
A. an increase; an increase
B. an increase; a decrease
C. a decreases; an increase
D. a decrease; a decrease
Answer: A
You might also like to view...
The opportunity cost of producing a good rises only slightly as the quantity produced increases. This good has
A) an inelastic demand. B) an elastic demand. C) an elastic supply. D) an inelastic supply. E) a perfectly elastic supply.
In general, with a monopolist's outcome, total surplus is:
A. higher than that of a competitive market. B. lower than that of a competitive market. C. the same as that of a competitive market. D. Any of these is possible.
The change in total profit when a firm increases its output by one unit equals
a. total revenue minus total cost b. total revenue minus marginal revenue c. marginal revenue minus marginal cost d. total revenue minus marginal cost e. marginal revenue plus marginal cost
When economists refer to investment, they mean the purchasing of stocks and bonds and other types of saving
a. True b. False Indicate whether the statement is true or false