In the short run, when the Fed decreases the quantity of money
A) bond prices fall and the interest rate rises.
B) bond prices rise and the interest rate falls.
C) the demand for money increases.
D) the supply of money curve shifts rightward.
A
Economics
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Economic expansions in Germany and Japan would cause
A. the U.S. price level and real GDP to rise. B. the U.S. price level and real GDP to fall. C. the U.S. price level to rise and real GDP to fall. D. the U.S. price level to fall and real GDP to rise.
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Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. If the marginal social cost of a satellite is $54, the quantity of satellites provided by a competitive market is
A) 0. B) 1. C) 2. D) 3.
Economics