A movement upward and to the left along the money demand curve is caused by:
a. an increase in the interest rate
b. a decrease in the interest rate.
c. a decrease in real GDP.
d. an increase in real GDP.
e. an increase in the average price level.
a
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How can the influence of a third variable be shown on a two-dimensional graph?
A) by allowing the position of the relationship line or curve to shift on the graph B) by super-imposing the third variable on the two-dimensional graph C) by drawing a third axis coming out of the two axes D) by allowing the relationship to be nonlinear
In the neoclassical growth model, break-even investment must cover
a. the depreciation in capital. b. the rate of technology growth. c. depreciation and capital for new workers (population growth). d. capital for new workers (population growth) and technology growth. e. none of the above.