Other things constant, an increase in the price level will _____
Fill in the blank(s) with the appropriate word(s).
shift the money demand curve to the right.
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The idea that business fluctuations are primarily caused by factors affecting aggregate supply rather than aggregate demand is a central tenet of
A. efficiency wage theory. B. mainstream economics. C. real business cycle theory. D. monetarism.
Supplies of drinking water depend on
a. ground water b. surface water c. water resources protected by the Clean Water Act d. all of the above e. none of the above
The Federal Open Market Committee (FOMC)
A) has six members. B) conducts open market operations. C) is the policy-making body within the Treasury. D) is the governing body of the Federal Reserve System. E) a, b, and c
A firm that is the sole producer of a good or service with no close substitutes is called a:
A. monopolist. B. perfectly competitive firm. C. oligopolist. D. monopolistically competitive firm.