Which of the following is correct?
a. A higher price level shifts money demand rightward.
b. When money demand shifts rightward, the interest rate rises.
c. A higher interest rate reduces the quantity of goods and services demanded.
d. All of the above are correct.
d
Economics
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In much of Europe, the legal age to obtain a driver's license is 18. If the legal driving age in the United States was changed to 18, how would this affect the market for new automobiles? The market for automobile insurance?
What will be an ideal response?
Economics
The sacrifice ratio of the Volcker disinflation was larger than previous estimates had predicted
a. True b. False Indicate whether the statement is true or false
Economics