An autonomous decrease in money demand, other things equal, shifts the ________ curve to the ________
A) IS; right
B) IS; left
C) LM; left
D) LM; right
D
You might also like to view...
Keynes argued that during an economic downturn, the government should ________.
A. increase spending and increase taxes B. increase spending and reduce taxes C. decrease spending and reduce taxes D. do nothing and wait for the economy to recover on its own
The law of demand states that
a. there is a positive relationship between price and quantity demanded b. price is the only factor that influences the quantity that people are willing and able to buy c. price and quantity demanded are inversely related d. the demand curve shifts whenever the price of a good changes e. by producing a product, firms create a demand for it
The Lorenz curve portrays:
A. the functional distribution of income. B. the ratio of labor to capitalist income. C. the personal distribution of income. D. income equality.
If the U.S. dollar depreciates against the euro, it will be more expensive for European countries to purchase U.S.-made products.
Answer the following statement true (T) or false (F)