Suppose there is a surplus in the money market
a. This could have been created by an increase in the money supply. The value of money will rise.
b. This could have been created by an increase in the money supply. The value of money will fall.
c. This could have been created by a decrease in the money supply. The value of money will rise.
d. This could have been created by a decrease in the money supply. The value of money will fall.
b
You might also like to view...
A decrease in the price of a substitute shifts the demand curve to the _______
a. right b. left c. it does not change the demand curve d. none of the above
In the long run an oligopoly:
A. Will produce less than a monopoly B. May be able to earn positive economic profits C. Will always produce in the range of decreasing returns to scale D. Will produce on the portion of the demand curve where demand is price-inelastic