Which one of these economists studied the relationship between income and food consumption?
a. Schumpeter
b. Friedman
c. Jevons
d. Malthus
e. Engel
E
Economics
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The demand curve for money shows the quantity of money demanded at each interest rate, all other things unchanged.
a. true b. false
Economics
In the monetary small open-economy model with a fixed exchange rate, an increase in the world real interest rate
A) increases domestic output and has no effect on the domestic price level. B) decreases domestic output and has no effect on the domestic price level. C) increases the domestic price level and has no effect on domestic output. D) decreases the domestic price level and has no effect on domestic output.
Economics