A simultaneous increase in both the demand for computers and the supply of computers must increase
a. the number of computers bought and sold.
b. the price of computers.
c. both the equilibrium price and quantity of computers.
d. the shortage of computers in the market.
a. the number of computers bought and sold.
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The evidence on the interest sensitivity of the demand for money suggests that the demand for money is ________ to interest rates, and there is ________ evidence that a liquidity trap exists
A) sensitive; substantial B) sensitive; little C) insensitive; substantial D) insensitive; little
In a two-asset economy with money and T-bills, the quantity of money that people will want to hold, other things being equal, can be expected to:
a. increase as the real GDP interest rate increases. b. decrease as the real GDP interest rate increases. c. decrease as real GDP increases. d. none of these.