What will happen to the nominal interest rate and the equilibrium quantity of money because of the following changes?
a.A decline in people's incomes b.An increase in the level of prices c.A decline in the supply of money
What will be an ideal response?
| a. | The decline in incomes reduces the demand for money, shifting the demand curve to the left, thus leading to a lower nominal interest rate and no change in the equilibrium quantity of money. |
| b. | The increase in the level of prices increases the demand for money, shifting the demand curve to the right, thus leading to a higher nominal interest rate and no change in the equilibrium quantity of money. |
| c. | The decline in the supply of money shifts the supply curve to the left, thus leading to a higher nominal interest rate and a decline in the equilibrium quantity of money. |
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A. Methodology transcript B. Questionnaire design C. Research proposal D. Interview transcript E. Survey design
A contract is formed by the performance of the requested act in what kind(s) of contract?
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The State may appeal a verdict of "not guilty" if there is an error in the trial
Indicate whether the statement is true or false