Between 1914 and 1920, the US price level ______________
a. fell dramatically.
b. nearly doubled.
c. rose and fell in accordance with intensity of the war.
d. remained relatively stable.
b. nearly doubled.
You might also like to view...
The ________ the nominal interest rate, the ________ is the quantity of money demanded
A) lower; greater B) higher; greater C) more variable; smaller D) lower; smaller E) None of the above because the nominal interest rate does not influence the quantity of money demanded.
When the price of the product falls
A. consumer’s surplus remains the same. B. producers’ surplus increases. C. consumer’s surplus falls. D. producer’s surplus falls.
Expansionary monetary policy will result in
A) a decrease in aggregate demand. B) lower interest rates. C) decreased rates of inflation. D) All of the above are correct.
Taxing savings will cause people to save more.
A. True B. False C. Uncertain