An increase in the money supply:
a. lowers the interest rate, causing a decrease in investment and an increase in GDP.
b. lowers the interest rate, causing an increase in investment and a decrease in GDP.
c. lowers the interest rate, causing an increase in investment and an increase in GDP.
d. raises the interest rate, causing an increase in investment and an increase in GDP.
e. raises the interest rate, causing a decrease in investment and a decrease in GDP.
c
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Jenn is willing to pay $75 for a purse and the purse's price is $60. What is Jenn's consumer surplus on this purse?
What will be an ideal response?
According to the textbook application, the largest oil tanker spill in history
a. occurred when two tankers collided in 1979 off the coast of Trinidad and Tobago b. involved the Exxon Valdezin 1989 c. was associated with the Hebei Spirit in 2007 d. occurred as the result of an explosion of a deepwater oil rig