A price ceiling imposed on a good that is below the equilibrium price will result in a shortage of that good
a. True
b. False
Indicate whether the statement is true or false
True
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When the nominal interest rate increases, the
A) demand for money increases and the demand for money curve shifts rightward. B) demand for money decreases and the demand for money curve shifts leftward. C) quantity of money demanded increases and there is a movement upward along the demand for money curve. D) supply of money curve shifts rightward. E) quantity of money demanded decreases and there is a movement upward along the demand for money curve.
When planned autonomous spending rises, the planned expenditure line
A) makes a parallel shift downward. B) makes a parallel shift upward. C) pivots upward from the vertical intercept. D) pivots downward from the vertical intercept.