When the money market is drawn with the value of money on the vertical axis, the price level decreases if
a. either money demand or money supply shifts right.
b. either money demand or money supply shifts left.
c. money demand shifts right or money supply shifts left.
d. money demand shifts left or money supply shifts right.
c
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Rent controls are most often designed to protect the investment made by apartment building owners.
Answer the following statement true (T) or false (F)
Anything that prevents new firms from competing on an equal basis with existing firms in an industry is called a barrier to entry
a. True b. False
Other things being equal, the effect of a decrease in the price of grapes would be illustrated by
a. a rightward shift in the demand curve for grapes. b. an increase in the quantity demanded for grapes. c. a leftward shift in the demand curve for grapes. d. a decrease in the quantity demanded grapes.
Government investment has resulted in an increase in entrepreneurial activity in Ange’s country. This will impact the country’s production possibilities curve by ______.
a. negating it
b. shifting it outward
c. shifting it inward
d. causing it to fluctuate