What factors lead to changes in the quantity demanded of money and what factors lead to changes in the demand for money?
What will be an ideal response?
Changes in the nominal rate of interest change the quantity of money demanded. Changes in the price level, real GDP, and financial technology change the demand for money.
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Everything else held constant, a decrease in the value of the dollar relative to all foreign currencies means that the price of foreign goods purchased by Americans
A) increases B) decreases. C) remains unchanged. D) either increases, decreases, or remains unchanged.
Other things the same, an increase in the expected price level shifts
a. short-run aggregate supply right. b. short-run aggregate supply left. c. aggregate-demand right. d. aggregated-demand left.
At a quantity above the equilibrium quantity, which of the following does not exist? a. deadweight loss b. underproduction
c. overproduction d. inefficient production
The Great Depression and the New Deal transformed the U.S. into which type of economy?
(a) Laissez-faire (b) Socialist (c) Mixed (d) Communist