The demand for money curve shows
A) the quantity of money demanded at each interest rate, holding all other determinants unchanged.
B) the quantity of money made available by the Federal Reserves, holding all other determinants
unchanged.
C) the quantity of money demanded at each bond price, holding all other determinants unchanged.
D) the quantity of money demanded at price level, holding all other determinants unchanged.
Ans: A) the quantity of money demanded at each interest rate, holding all other determinants unchanged.
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In the absence of trade, a nation is in equilibrium where an indifference curve:
a. lies above its production possibilities frontier. b. is tangent to its production possibilities frontier. c. intersects its production possibilities frontier. d. lies below its production possibilities frontier
If firms and workers could predict the future price level exactly, the short-run aggregate supply curve would be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.