If the quantity of money supplied exceeds the quantity of money demanded, at a point in time:
a. the price level in the economy will fall
b. the equilibrium interest rate will fall.
c. the equilibrium interest rate will fall.
d. the money demand curve will shift to the right.
e. the money demand curve will shift to the left.
c
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For the world, what period of time experienced the fastest growth rate of real GDP per person?
A) between 1000 A.D. and 1500 A.D. B) around 500 B.C. C) after about 1850 A.D. D) around 400 A.D. E) between 1500 A.D. and 1850 A.D.
Hughes and Cain (2011) effectively argue that advancements in power technology helped open new opportunities for the strategic placement of cities and big factories
Indicate whether the statement is true or false
The existence of the underground economy causes gross domestic product (GDP) statistics to _____
a. understate the true volume of economic activity b. overstate the aggregate price level in the economy c. overstate the standard of living d. overstate the profit of firms e. understate government spending in an economy
In 2008, the value of the stocks listed on the New York Stock Exchange decreased tremendously. As a direct result:
A. U.S. GDP declined by the amount of the stock market decline but U.S. GNP was unaffected. B. both U.S. GDP and U.S. GNP declined by the same amount. C. neither U.S. GDP nor U.S. GNP were affected. D. U.S. GNP declined by the amount of the stock market decline but U.S. GDP was unaffected.