The current demand for money increases when
A) current real income increases.
B) future real income decreases.
C) the nominal rate of interest increases.
D) none of the above.
A
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If there is public dissaving, investment spending in the economy will decline, holding everything else constant
Indicate whether the statement is true or false
If the velocity of money is constant, then
A) a change in nominal GDP can be caused only by a change in the money supply. B) a change in the money supply can be caused only by a change in the price level. C) a change in the money supply is negatively related to a change in nominal GDP. D) a change in the money supply would result in no change in nominal GDP.
Labor productivity rises during a recession as firms retain their more experienced workers.
Answer the following statement true (T) or false (F)
What are the major government policies that restrict trade?
What will be an ideal response?