A change in interest rates ________, while a change in income ________ the real money demand schedule
A) decreases; increases
B) has a large effect on; has no effect on
C) moves the economy along; shifts
D) shifts; moves along
C
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A firm experiences ________ when its ________ downward as output increases
A) diseconomies of scale; average total cost curve slopes B) economies of scale; long-run average cost curve slopes C) diminishing marginal returns; long-run average cost curve slopes D) diminishing marginal returns; average total cost curve shifts
The Robinson-Patman Act amended and further refined which of the following laws?
a. The Sherman Antitrust Act. b. The Celler-Kefauver Act. c. The Clayton Act. d. The FTC Act. e. The Herfindahl-Hirschman Act.
In mid-2009, the unemployment rate stood at
a. 25 percent b. 5 percent c. 6 percent d. 9.5 percent e. 20 percent
Which of the following is true for the developing countries that moved most rapidly toward economic freedom during 1980-2005 period?
What will be an ideal response?