A decrease in real GDP causes
A) movement downward along a money demand schedule.
B) movement upward along a money demand schedule.
C) a rightward shift of the money demand schedule.
D) a leftward shift of the money demand schedule.
D
You might also like to view...
What is a firm's fundamental goal and what happens if the firm doesn't pursue this goal?
What will be an ideal response?
Which of the following will have no impact on the demand for ice cream in the short run?
a. A change in population size b. A change in the price of ice cream c. A change in seasons d. A change in consumer preferences e. A change in consumer incomes
Refer to the table shown. If the average product is 8, the number of workers is:Number of workersMarginal product of workers1527384105116775839010?1
A. 2. B. 8. C. 6. D. 4.
A rise in the price of a good causes producers to supply more of the good. This statement illustrates
A) the law of supply. B) the law of demand. C) a change in supply. D) the nature of an inferior good.