Suppose the Fed increases the money supply. Which of the following is true?
A) At the original interest rate, the quantity of money demanded is less than the quantity of money supplied.
B) At the original interest rate, the quantity of money demanded is equal to the quantity of money supplied.
C) The interest rate must rise for the money market to clear.
D) At the original interest rate, the quantity of money demanded is greater than the quantity of money supplied.
A
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Suppose a market has the demand function Qd=20-0.5P. Between which of the following price ranges is demand most inelastic?
a. $0 to $10 b. $10 to $20 c. $20 to $30 d. $30 to $40
Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search
a. True b. False Indicate whether the statement is true or false