In which case would the quantity of money demanded by the public tend to increase by the greatest amount?
A. The interest rate decreases and nominal GDP increases.
B. The interest rate decreases and nominal GDP decreases.
C. The interest rate increases and nominal GDP decreases.
D. The interest rate increases and nominal GDP increases.
Answer: A
Economics
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The substitution effect from a fall in the price of a gallon of gasoline is shown in the above figure by the movement from
A) point A to point C. B) point A to point B. C) point B to point C. D) point A to point B and then to point C.
Economics
If producing more output has no effect on average cost then
A) there are diseconomies of scale. B) there are economies of scope. C) there are diseconomies of scope. D) there are no economies of scale.
Economics