An expansion of the money supply, ceteris paribus, will
a. raise interest rates
b. reduce investment demand
c. contract aggregate demand
d. lower prices
e. increase investment in the economy
E
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In the table above, the market is in equilibrium. Then a minimum wage is set at $11 per hour. The number of unemployed workers will be
A) 0. B) 2 million. C) 4 million. D) 6 million.
The flow of capital results from the changes or differences in interest rates among countries
Indicate whether the statement is true or false
Why did the money supply fall during the Great Depression?
a. The monetary base fell throughout the Great Depression. b. The amount of currency fell during the Great Depression. c. The ratio of currency/deposits fell during the Great Depression. d. The money multipier rose during the Great Depression. e. None of the above.
Marginal revenue is defined as
A. the change in total revenue from a unit change in price. B. the change in average revenue from a one-unit change in output. C. the change in total revenue from a one-unit change in output. D. the change total cost from a one-unit change in output.