In the short run, when the Fed increases the quantity of money
A) bond prices rise and the interest rate falls.
B) bond prices fall and the interest rate rises.
C) the demand for money increases.
D) the supply of money curve shifts leftward.
A
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The above table shows a short-run production function for Albert's Pretzels. The marginal product of labor
A) rises then falls as the amount of capital increases. B) falls then rises as the amount of labor increases. C) is greater than or equal to the average product of labor for all amounts of labor. D) is less than or equal to the average product of labor for all amounts of labor.
If the graph shown represents Steph's budget constraint, and the price of hairbands were to increase, the slope of Steph's budget constraint would become:
A. steeper, reflecting the fact that hairbands are now relatively less expensive.
B. flatter, reflecting the fact that hairbands are now relatively more expensive.
C. steeper, reflecting the fact that earrings are now relatively less expensive.
D. flatter, reflecting the fact that earrings are now relatively more expensive.