Of the four effects on interest rates from an increase in the money supply, the one that works in the opposite direction of the other three is the

A) liquidity effect.
B) income effect.
C) price level effect.
D) expected inflation effect.

A

Economics

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In a simultaneous game where both players prefer doing the opposite of what the opponent does, a Nash equilibrium does not exist

Indicate whether the statement is true or false

Economics

Which of the following is true of perfectly competitive firms? a. It is difficult for entrepreneurs to become suppliers of a product in a perfectly competitive market structure. b. A perfectly competitive firm has a perfectly elastic supply curve

c. In a perfectly competitive market, an individual seller can change his price and it will not alter the output he sells. d. None of the above are true.

Economics