In 2006, real GDP in Belgium grew at a 3 percent rate and inflation was 1.8 percent while the population did not change. As a result, there was ________ demand for money curve in Belgium
A) a rightward shift of the
B) a leftward shift of the
C) a movement up along the
D) no change in the
A
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Which phrase would be most characteristic of pure monopoly?
A. close substitutes B. efficient advertiser C. single seller D. price taker
What is the real-balance effect of an increase in the price level?
What will be an ideal response?
The short run supply curve for a perfect competitive firm is
a. Marginal cost curve b. Average revenue curve c. Marginal revenue curve d. Marginal cost curve above its average variable cost curve
An increase in the expected price level shifts the
a. short-run and long-run aggregate supply curves left. b. the short-run but not the long-run aggregate supply curve left. c. the long-run but not the short-run aggregate supply curve left. d. neither the long-run nor the short-run aggregate supply curve left.