In the classical theory of aggregate demand, a decrease in the propensity to hold money will
a. shift the aggregate demand curve up.
b. Shift the aggregate demand and supply curves up and to the right.
c. have no effect on aggregate demand as the money supply changes.
d. will increase the money supply
A
Economics
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A firm sells 30 units of its product at a price of $5 per unit. It incurs a fixed cost of $100 and a variable cost of $20. The firm's profit is:
A) $30. B) $50. C) $100. D) $150.
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Which of the following would be most able to act like a monopsonist?
A) a hospital in a small isolated town B) a hospital in a very big city C) a law firm in Washington, D.C. D) a computer software firm in Silicon Valley
Economics