If the economy is operating in the relatively steep (upper) portion of its aggregate supply curve, a reduction in the money supply will:
A. increase the interest rate and increase employment.
B. reduce the interest rate and increase employment.
C. increase the interest rate and reduce the price level, assuming it is flexible downward.
D. reduce the interest rate and increase the price level.
C. increase the interest rate and reduce the price level, assuming it is flexible downward.
Economics
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The consumption schedule shows the relationship of household consumption to the level of
A. the marginal propensity to consume. B. investment. C. disposable income. D. saving.
Economics
The highest income quintile receives about ______% of all income.
Fill in the blank(s) with the appropriate word(s).
Economics