A decrease in the interest rate, other things being equal, causes
a. an upward movement along the demand curve for money.
b. a downward movement along the demand curve for money.
c. a rightward shift of the demand curve for money.
d. a leftward shift of the demand curve for money.
B
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The figure above shows the U.S. demand for labor curve. If there is a simultaneous increase in the nominal wage rate of 10 percent and a 10 percent increase in the price level, there will be a
A) movement upward along the demand for labor curve from a point such as C to a point such as B. B) leftward shift of the demand for labor curve. C) movement downward along the demand for labor curve from a point such as A to a point such as B. D) rightward shift of the demand for labor curve. E) None of the above answers is correct because there is no change in the demand for labor curve.
What distinguishes a natural monopoly from a monopoly?
a. One firm can supply the entire range of demand (picture a downward-sloping industry demand curve) at a lower ATC than can any number of firms b. One firm has exclusive access to raw materials. c. The firm has been issued a patent on a cost-saving technology. d. The government regulates the industry, allowing only one firm to produce. e. The market contained two firms that merged to become one.
To stabilize output, the Federal Reserve will _____ the money supply when aggregate demand falls
Fill in the blank(s) with correct word
Every trading day, a total of roughly a ______ dollars in currency trades hands in the foreign exchange markets.
a. thousand b. million c. billion d. trillion