Suppose that the price level does not change while real GDP decreases. As a result,
A) the quantity of money demanded decreases and there is a movement downward along the demand for money curve.
B) the supply of money curve shifts leftward.
C) the demand for money increases and the demand for money curve shifts rightward.
D) the demand for money decreases so that households and firms hold smaller amounts of money.
E) the supply of money curve shifts rightward.
D
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The highest price you are willing to pay for a pair of jeans is $20 . However, you are able to purchase it for $14 . This implies $6 is the producer surplus
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Vikas earns too much for his own children to qualify for free school lunches, but he does not object to the state providing them for children from low income families even though this program increases the taxes he must pay. He recognizes that his and his children's life prospects are very different from those of the families receiving free lunches. He also knows that he would want his children to have free lunches if his family needed them. Vikas' thinking is most closely aligned with:
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