According to the real business cycle model, a rightward shift in the long-run aggregate supply schedule would be caused by ________

An important distinction between Friedman's and others' views of the demand for money is the former's emphasis on the

A) substitution between money and virtually all other goods and assets. B) nominal rate of interest. C) substitution between money and other financial assets. D) effects of wealth.

If the money supply grew by 6 percent and velocity fell by 2 percent, nominal GDP would: a. fall by 4 percent

b. rise by 4 percent. c. rise by 8 percent. d. rise by 12 percent.