Foreign exchange rates tend toward equality around the world because of the actions of

When M1 is expanded to M2, the money supply:

a. almost doubles. b. more than triples. c. goes up tenfold in size. d. changes very little. e. goes up by 50 percent.

If there is a "long and variable time lag" between when a change in monetary policy is instituted and when it impacts aggregate demand and output, this will

What will be an ideal response?