There are two types of open market operations: ________ open market operations are intended to change the level of reserves and the monetary base, and ________ open market operations are intended to offset movements in other factors that affect the

An increase in disposable income ________

A) has no effect on the supply of loanable funds curve B) shifts the supply of loanable funds curve rightward C) shifts the supply of loanable funds curve leftward D) results in movement up the supply of loanable funds curve

If in some year nominal GDP was $18 billion and the GDP deflator was 120, what was real GDP?

a. $6.7 billion. b. $15 billion. c. $21.6 billion. d. $38 billion.