When two variables repeatedly change at the same time, there must be a causal relationship between them
a. True
b. False
Indicate whether the statement is true or false
False
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According to the new classical view, changes in aggregate demand
a. can temporarily influence output b. affect only the aggregate price level. c. can influence output but at the cost of higher inflation. d. are primarily driven by changes in investment. e. Both a and c
Assume the graph shown represents the market for bottles of wine and was originally in equilibrium with D and S. Something changes and demand shifts to D2. Which of the following is true?
A. Equilibrium quantity increased by 20. B. Equilibrium price increased by $5. C. Equilibrium quantity increased by 30. D. Equilibrium price increased by $15.
A currency that is not backed by gold, silver, or any other precious commodity equal to the face value of the money is known as
A. fake money. B. weak money. C. commodity money. D. token money.
If the real interest rate falls, other things being the same, the quantity of loanable funds demanded ________ and the quantity of loanable funds supplied ________
A) does not change; decreases B) increases; increases C) increases; decreases D) decreases; does not change E) decreases; decreases