In the long run, nominal wages and prices are completely flexible and therefore in the long run, the aggregate price level has no effect on the quantity of aggregate output supplied.

Which of the following affects demand for money?

A) prices B) nominal income C) interest rate D) all of the above E) none of the above

One outcome of the creation of the Federal Deposit Insurance Corporation was the reduction of moral hazard problems

Indicate whether the statement is true or false