The long-run aggregate supply curve is ________ because along it, as prices rise, the money wage rate ________

A decrease in currency in circulation combined with an equal increase in savings account deposits would: a. increase both M1 and M2

b. increase M1 but have no effect on M2. c. decrease both M1 and M2. d. decrease M1 but have no effect on M2.

The imposition of a binding price ceiling on a market causes quantity demanded to be a. greater than quantity supplied. b. less than quantity supplied

c. equal to quantity supplied. d. Both (a) and (b) are possible.