With a change in the money supply, a vertical LM curve shifts a horizontal distance equal to
A) that change.
B) that change times velocity.
C) that change divided by velocity.
D) that change times the simple Keynesian multiplier.
B
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Three macroeconomic factors that affect the demand for money are:
A. capital, labor, and technology. B. the nominal interest rate, capital, and labor. C. globalization, skill-biased technological change, and labor mobility. D. the nominal interest rate, real income, and the price level.
Compared to a monopsony, a perfectly competitive labor market results in a
A) higher wage rate and more workers hired. B) higher wage rate and fewer workers hired. C) lower wage rate and more workers hired. D) lower wage rate and fewer workers hired.
What relationship is shown by a supply curve?
What will be an ideal response?
The legal reserve requirement is determined by
a. savings and loans b. banks c. Congress d. the FDIC e. the Federal Reserve