The change in total planned real expenditures resulting from a change in the real value of money balances when the price level changes, all other things held constant, is
A) the real-balance effect.
B) the interest rate effect.
C) the open economy effect.
D) demand side inflation.
A
Economics
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A market equilibrium occurs
A) only with government regulation. B) only because of the profit motive of firms. C) only because of the complacency of consumers. D) through the interaction of self-interested consumers and producers.
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Explain how a bilateral monopoly equilibrium outcome differs from a purely competitive outcome
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