When the money supply increases, there is an excess _____ of money. As a result, interest rates _____ and aggregate demand _____
Fill in the blank(s) with correct word
supply, falls, increases
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In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted them. What is the participation rate in this town?
A. 87.5% B. 72.0% C. 81.1% D. 63.0%
With which country did the Debt Crisis of the early 1980s begin?
A) France B) Mexico C) Argentina D) Japan E) Germany
If a policy change by the Fed is ________, then the change in policy has exactly the same result on the economy as it does when we assume that households and firms have adaptive expectations
A) unannounced or not credible B) unannounced or credible C) announced or credible D) announced or not credible
In the IS model, assuming that the real interest rate does not change, an increase in autonomous ________ leads to a decrease in equilibrium saving
A) investment B) consumption C) net exports D) all of the above E) none of the above