The interest-rate effect is partially explained by the fact that a higher price level reduces money demand
a. True
b. False
Indicate whether the statement is true or false
False
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The introduction of a new technology that increases the productivity of labor will:
A. increase the supply of labor. B. increase the demand for labor. C. decrease the demand for labor D. decrease the supply of labor.
The five most important variables that determine the level of ________ are disposable income, wealth, expected future income, price level, and interest rate
A) consumption B) government purchases C) net exports D) planned investment
Since the mid-1980s tariff rates in most nations have risen
Indicate whether the statement is true or false
The production possibilities frontier can be used to show a manufacturer's possible combinations of output of two goods
a. True b. False Indicate whether the statement is true or false