An increase in the money supply will:
A. lower interest rates and lower the equilibrium GDP.
B. lower interest rates and increase the equilibrium GDP.
C. increase interest rates and increase the equilibrium GDP.
D. increase interest rates and lower the equilibrium GDP.
B. lower interest rates and increase the equilibrium GDP.
Economics
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A shift of the supply curve of DVDs raises the price of a DVD from $9.50 to $10.50 a DVD and reduces the quantity demanded from 41 million to 39 million DVDs a month. The price elasticity of demand for DVDs is
A) 2 million DVDs a month per dollar. B) $1 per 2 million barrels a day. C) 0.5. D) 2.0.
Economics
To determine inflation over time, a basket of goods and services is used to track _________ levels.
a. cost b. price c. consumption d. production
Economics