All else constant, a decrease in the supply of money will lead to
A) an increase in the equilibrium quantity of money and an increase in the equilibrium price of bonds.
B) an increase in the equilibrium quantity of money and a decrease in the equilibrium price of bonds.
C) a decrease in the equilibrium quantity of money and an increase in the equilibrium price of bonds.
D) a decrease in the equilibrium quantity of money and a decrease in the equilibrium price of bonds
Ans: D) a decrease in the equilibrium quantity of money and a decrease in the equilibrium price of bonds
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Which of the following is an example of a normative statement? a. The GDP growth rate has been unstable over five years
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A. unemployed. B. discouraged workers. C. in the labor force. D. temporarily unemployed.
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