In the aggregate demand-aggregate supply model in the short run, an increase in the money supply will lead to a(n):
a. increase in both the price level and real GDP
b. decrease in both the price level and real GDP.
c. increase in real GDP and a decrease in the price level.
d. decrease in real GDP and an increase in the price level.
e. increase in the price level only.
a
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Refer to the data. If the current price of a bar of gold is $25,000, how many bars (in thousands) should OZ extract and sell this year in order to maximize profits?
The table below shows the quantity of gold bars (Q b ) in thousands, the extraction cost for each thousand bars (in millions of dollars), and the user cost of each thousand bars (in millions of dollars) facing the OZ Mining Company this year.
A. 1.
B. 2.
C. 3.
D. 4.
Outsourcing leads to
A. Decreases in productivity and decreases in total output. B. Decreases in productivity and increases in total output. C. Increases in productivity and increases in total output. D. Increases in productivity and decreases in total output.