It is possible that when the money supply rises, interest rates may ________ if the ________ effect is more than offset by changes in income, the price level, and expected inflation

The higher the marginal propensity to consume, the

A) smaller will be the simple multiplier. B) more insulated will be consumption spending from exogenous shocks to the economy. C) less effective will be any given monetary or fiscal policy. D) more unstable the economy will be.

Using the supply and demand curve for wheat above, sketch the supply and demand curves demonstrating the effect of an increase in disposable consumer incomes

How does each curve shift (if at all) to the increase in income? What does the shift do to equilibrium price and quantity?