Which of the following sequences best explains the negative slope of the aggregate-demand curve?
a. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ?
b. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ?
c. price level ? ? demand for money ? ? equilibrium interest rate ? ? quantity of goods and services demanded ?
d. price level ? ? equilibrium interest rate ? ? demand for money ? ? quantity of goods and services demanded ?
c
You might also like to view...
When a tax is imposed on the suppliers of a good or service, then
A) in general, the producers pay all the tax. B) in general, the consumers pay all the tax. C) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes smaller. D) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes larger.
If reserves in the banking system increase by $100, then checkable deposits will increase by $500 in the simple model of deposit creation when the required reserve ratio is
A) 0.01. B) 0.10. C) 0.05. D) 0.20
Proponents and opponents of balanced-budget policies agree that the government debt cannot continue to increase forever
a. True b. False Indicate whether the statement is true or false
The labor force participation rate is the
A. the number of people in the labor force minus the number of people who are unemployed. B. total number of people who are participating in the labor force. C. ratio of the number of employed people to the number of unemployed people. D. ratio of the labor force to the total population 16 years old or older.