According to Keynesian economists, which of the following is not a consequence of increasing the money supply?
A. a lower interest rate
B. greater investment
C. lower real GDP
D. higher real GDP
Answer: C
You might also like to view...
A perpetuity for sale at $100,000 that promises a yearly payment of $5,000 has an effective yield of
A) 2%. B) 5%. C) 20%. D) 50%. E) 2,000%.
Which of the following expenditures would be counted as consumption in GDP accounts? a. Mary buys a new home computer to check her e-mail and play computer games. b. Mark buys a new computer for his medical economic consulting business
c. Leslie, an EPA scientist, buys a new computer for her lab at work. d. Juan leases a new computer for his graphic design company.
Can a firm's average cost be rising if it is greater than the firm's marginal cost? Explain
The number of firms in a monopolistically competitive market means that
A) all firms will have substantial monopoly power since there are so few firms in the industry. B) each firm has a relatively small share of the total market since there are many firms in the industry. C) the firms will be likely to collude since there are only a few firms in the industry. D) firms will have a hard time earning non-negative profits since there are many firms in the industry.