If real GDP decreases, the demand for money curve will shift
A) leftward and the interest rate will rise.
B) leftward and the interest rate will fall.
C) rightward and the interest rate will rise.
D) rightward and the interest rate will fall.
B) leftward and the interest rate will fall.
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The dominant school of economic thought until midway through the Great Depression of the 1930s was:
A. classical. B. Keynesian. C. monetarism. D. supply-side.
One of the largest challenges with foreign aid today is:
A. severely diminishes some nations' ability to help their own citizens. B. raising enough of it to have any significant impact on the market. C. countries' overreliance on it removing incentives to better themselves. D. finding ways to ensure it is going to the best uses possible.
If a good is available only to those who pay for it, the good is:
A. excludable but not necessarily rival. B. excludable and rival. C. rival but not necessarily excludable. D. nonrival and nonexcludable.
Funds held in bank accounts that can be withdrawn by depositors at any time without advance notice are called:
A. demand deposits. B. flow funds. C. free funds. D. required reserves.