An increase in the price level in the economy leads to:
A. a leftward shift in the demand for money curve.
B. a rightward shift in the demand for money curve.
C. a leftward movement along the demand for money curve.
D. a rightward movement along the demand for money curve.
Answer: B
Economics
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Economics
The short-run supply curve for a purely competitive industry can be found by:
A. multiplying the AVC curve of the representative firm by the number of firms in the industry. B. adding horizontally the AVC curves of all firms. C. summing horizontally the segments of the MC curves lying above the AVC curve for all firms. D. adding horizontally the immediate market period supply curves of each firm.
Economics