What effect does an increase in real GDP have on the demand for money?
What will be an ideal response?
An increase in real GDP increases the demand for money and shifts the demand for money curve rightward.
Economics
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Refer to Table 19-13. Real GDP for Vicuna for 2013 using 2015 as the base year equals
A) $4,620. B) $5,100. C) $5,650. D) $5,850.
Economics
The price of a good will tend to rise when
a. there is excess demand for the good. b. there is excess supply of the good. c. demand for the good decreases. d. the supply of the good increases.
Economics