An increase in the money supply will shift the aggregate demand curve to the left, resulting in a lower equilibrium price level and a lower equilibrium real GDP.

Which of the following markets is an example of monopolistic competition?

(A) Oranges (B) Electricity (C) Bus tickets (D) Bookbags

The notion that expectations will be identical to optimal forecasts using all available information is known as ________

A) adaptive expectations B) irrational expectations C) rational expectations D) tertiary expectations