If people increase their expected rate of interest, the speculative demand for money curve will _____ and money supply will _____
a. shift downward, remain unchanged.
b. shift upward; remain unchanged.
c. not be affected; shifts upward.
d. not be affected; not be affected.
A
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To be unemployed is to be
A) without a job, but actively looking for a job. B) without any source of income. C) without an identity. D) all of the above.
In the long run, following a combination of a negative demand shock and a temporary negative supply shock, ________
A) both inflation and output return to the original long-run equilibrium values B) inflation is permanently increased, while output returns to potential output C) output returns to potential output, while inflation may be higher or lower than its initial value D) inflation is permanently reduced, while output returns to potential output E) none of the above
Most cultural theories of poverty assert that the poor lack sufficient desire and motivation to escape poverty
Indicate whether the statement is true or false
An increase in the exchange rate for a currency will increase the demand for that currency
Indicate whether the statement is true or false