If the current interest rate increases,
a. the money demand curve shifts downward and the money supply curve remains unchanged.
b. the money demand curve shifts upward and the money supply curve remains unchanged.
c. there is a movement along the money demand curve and the money supply curve increases.
d. there is a movement along the money demand curve and the money supply curve remains unchanged.
D
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Which of the following is a main source of increasing returns in recent years?
A. More learning by doing B. The concentration of development costs C. The use of less specialized inputs as firms grow D. More resources devoted to agricultural production
Wars, new inventions, harvest failures, and changes in government policy are examples of
A) the business cycle. B) economic models. C) shocks. D) opportunity costs.