If the price level rises, there is
A) a leftward shift of the demand for money curve.
B) an upward movement along the demand for money curve and the curve does not shift.
C) a downward movement along the demand for money curve and the curve does not shift.
D) no movement along the demand curve for money and the curve does not shift.
E) a rightward shift of the demand for money curve.
E
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In an open market purchase, the Fed ________ government securities, which ________ bank reserves
A) buys, increases B) buys, decreases C) sells, increases D) sells, decreases
Which of the following is the correct expression for short-run aggregate supply in the new classical view?
A) YP = Y + a(P - ) B) Y = YP + a(P - ) C) YP = Y + a(P + ) D) Y = YP + a(P + )
Price indexes allow us to convert ________ measures of output into ________ measures of output, because an increase in that would mean economic growth.
A. perceived; real B. nominal; perceived C. nominal; real D. real; nominal
If the MPC is 0.8 and the APC is 0.9, the MPS equals
A. 1.7. B. 0.1. C. 0.2. D. 0.8.