In the above figure, if the interest rate is 2 percent per year, the quantity of money demanded is
A) greater than the quantity of money supplied, and the interest rate will change.
B) greater than the quantity of money supplied, and the demand for money curve will shift.
C) greater than the quantity of money supplied, and the supply of money curve will shift.
D) less than the quantity of money supplied, and the interest rate will change.
E) less than the quantity of money supplied, and the demand for money curve will shift.
A
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When the government's outlays exceed its tax revenues, the national debt
A) shrinks thanks to the budget surplus. B) grows to finance the budget deficit. C) grows to finance the budget surplus. D) shrinks thanks to the budget deficit. E) does not change because it has nothing to do with government outlays and tax revenue.
The following countries as a group represent the most important markets for U.S. agricultural exports:
A) Developing countries B) Developed countries C) Centrally planned countries D) Former Soviet Union members