When the price level increases, people demand ________ money and the demand for money curve ________
A) less; shifts rightward
B) more; shifts leftward
C) less; shifts leftward
D) the same amount of; does not shift
E) more; shifts rightward
E
Economics
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When a country's import spending exceeds export spending, the country is experiencing a:
A) trade deficit. B) trade surplus. C) budget deficit. D) none of the above.
Economics
Suppose all firms in a competitive market are currently in both short-run and long-run equilibrium. What impact will a lump sum tax have on each firm in the short run? in the long run?
What will be an ideal response?
Economics