A falling GDP causes __________ the money demand curve
A) downward movement along
B) upward movement along
C) a rightward shift of
D) a leftward shift of
D
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It would be appropriate to use expansionary fiscal policy during prolonged periods of
A. high inflation. B. rapid economic growth. C. high unemployment. D. high budget deficits.
When the Federal Reserve increases the money supply, people spend more because they now have more money
Indicate whether the statement is true or false
Small differences in annual growth rates of real GDP generate large differences in real GDP over time because of the:
A. diminishing returns to capital. B. importance of average labor productivity. C. limits of economic growth. D. power of compound interest.
A technological advance in the production of digital video recorders will cause them to become less expensive.
Answer the following statement true (T) or false (F)