In the aggregate demand-aggregate supply model in the short run, a decrease in the money supply is likely to cause a(n):
a. increase in both the price level and real GDP

b. decrease in both the price level and real GDP.
c. increase in real GDP and a decrease in the price level.
d. decrease in real GDP and an increase in the price level.
e. increase in the price level only.


b

Economics

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A. $6537 billion. B. $6633 billion. C. $6500 billion. D. $6463 billion.

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At the beginning of the year, Becky's wealth was $30,000. During the year, she earned $50,000 of income, paid $6,000 in taxes and consumed $43,000 of goods and services. What is Becky's wealth at the end of the year?

What will be an ideal response?

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People buy insurance

a. because they are risk averse. b. to defer consumption. c. because of externalities. d. to maximize their welfare. e. to ensure against poor health.

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The selection of a new policy takes place during a period of time known as the _____

a. activity lag b. decision-making lag c. effectiveness lag d. implementation lag e. recognition lag

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