If the nominal money supply doubles while real money demand is unchanged, what happens to the price level?
A) The price level increases by a factor of four.
B) The price level doubles.
C) The price level is unchanged.
D) The price level falls by one-half.
B
Economics
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Ceteris paribus, which of the following will occur if the Fed buys bonds through open-market operations?
A. The aggregate supply curve should shift leftward. B. The aggregate supply curve should shift rightward. C. The aggregate demand curve should shift leftward. D. The aggregate demand curve should shift rightward.
Economics
Demand is said to be ____ when the quantity demanded changes the same proportion as the price
a. independent b. inelastic c. unit elastic d. elastic
Economics