Other things being equal, an increase in the supply of money
A) reduces the amount of money balances. B) reduces aggregate demand.
C) generates significant changes in relative prices. D) increases the price level.
D
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An increase in the interest rates in a country:
A) reduces net exports. B) does not affect net exports. C) increases net exports. D) results in a an outflow of capital from the country.
Refer to Table 1-6. What is Ivan's marginal cost if he decides to stay open for six hours instead of five hours?
A) $10 B) $20 C) $25 D) $91.67
All economic questions arise from the fact that resources are scarce
Indicate whether the statement is true or false
Suppose goods A and B are substitutes for each other. We would expect the cross-price elasticity between these two goods to be
a. positive. b. negative. c. either positive or negative. It depends whether A and B are normal goods or inferior goods. d. either positive or negative. It depends whether the current price level is on the elastic or inelastic portion of the demand curve.