The long-run effect of a decrease in the growth rate of the quantity of money is a
A) higher real interest rate.
B) lower nominal interest rate.
C) higher inflation rate.
D) higher nominal interest rate.
E) lower real interest rate.
B
Economics
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Keynesians explain the procyclical behavior of average labor productivity by introducing the concept of
A) menu costs. B) sticky prices. C) labor hoarding. D) sticky wages.
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The Glass-Steagall Act of 1933 separated commercial banks from most of their securities business
Indicate whether the statement is true or false
Economics