A decrease in the price level, holding the nominal money supply constant, will shift the LM curve
a. upward and to the right.
b. downward and to the left.
c. downward and to the right.
d. upward and to the left.
A
Economics
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The quantity theory of money is better able to
A. To explain the inflation rate in the long run B. To explain the full employment in the long run C. To explain the inflation rate in the short run
Economics
If a country's goods exports are less than its goods imports, then it experiences a:
a. balance of payments surplus. b. balance of payments deficit. c. balance of trade surplus. d. balance of trade deficit.
Economics