The quantity of money demanded decreases at every combination of GDP and interest rate. If the Fed holds to an unchanged money supply target, the interest rate __________ and GDP __________
A) rises; rises
B) rises; falls
C) falls; rises
D) falls; falls
C
Economics
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Refer to Scenario 2. If the age of a house is 25 years with 1,500 square feet, what is the estimated market value of the house?
What will be an ideal response?
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In a perfectly competitive labor market, when a firm hires more labor
A. wages will increase. B. wages will decrease. C. wages will remain the same.
Economics