In the short run, an expanded money supply leads to:
a. a higher nominal interest rate.
b. no change in the nominal interest rate.
c. a lower nominal interest rate.
d. an increase in the exchange rate.
Ans: c. a lower nominal interest rate.
Economics
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The portion of the long-run average cost curve in which economies of scale are experienced shows that as output increases, the
A) average total cost decreases. B) average total cost increases. C) marginal cost increases. D) marginal cost decreases. E) average variable cost is constant and the average fixed cost decreases.
Economics
Give an example of a monetary policy target. Explain why the Fed uses policy targets
What will be an ideal response?
Economics