Changes in all of the following shift the LM curve except
a. the price level.
b. income.
c. the money supply.
d. money demand.
e. all of the above shift LM curve.
B
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Which of the following is false?
a. The money supply times velocity equals the price level times real GDP b. If individuals are writing lots of checks on their checking accounts and spending currency as fast as they receive it, velocity will tend to be high. c. The magnitude of velocity does not depend on the definition of money that is used. d. Velocity equals nominal GDP divided by the money supply.
The Federal Reserve Open Market Committee meets about ____ times a year
a. 8. b. 12. c. 4. d. 2. e. 24.
A(n) ________ is a trade policy by which a nation agrees to limit its exports of a good in order to avoid more restrictive trade policies.
A. tariff B. voluntary export restraint (VER) C. import quota D. import ban
If some gain and some lose as the result of a change, and it can be demonstrated that the value of the gains exceeds the value of the losses, then the change is said to be
A. technically efficient. B. potentially efficient. C. inefficient. D. unequivocally Pareto optimal.