When the money market is drawn with the value of money on the vertical axis, long-run equilibrium is obtained when the quantity demanded and quantity supplied of money are equal due to adjustments in
a. the value of money.
b. real interest rates.
c. nominal interest rates.
d. the money supply.
a
You might also like to view...
The ratio of the change in consumption to the change in disposable income is the
A) average propensity to save. B) marginal propensity to consume. C) average propensity to consume. D) marginal propensity to save.
Real business cycle theory explains the business cycle as the result of
a. unstable investment demand. b. excess growth of the quantity of money. C. shocks to consumer spending habits d. fluctuations in productivity.
The most widely used measure of the unemployment rate is found by the
A. U.S. Census Bureau in monthly surveys that examine whether people are working or are willing to work. B. U.S. Department of Labor in surveys of businesses to determine the number of employees as a percentage of the total labor force. C. U.S. Census Bureau in its census of the population every 10 years. D. Council of Economic Advisers, which summarizes its nationwide surveys in its yearly report to the president.
What factors generate economic growth?
What will be an ideal response?