People have reduced their expectations of inflation from 5% to 3%, directly causing
A. an increase in money demand, shifting the LM curve up and to the left.
B. an increase in money demand, shifting the LM curve down and to the right.
C. a decrease in money demand, shifting the LM curve up and to the left.
D. a decrease in money demand, shifting the LM curve down and to the right.
Answer: A
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If a country's production possibilities curve gets more bowed out over time, it is an indication that
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The primary reason for the success of the colonial shipbuilding industry was:
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