When inflation rises, the nominal interest rate
a. rises, and people desire to hold more money.
b. rises, and people desire to hold less money.
c. falls, and people desire to hold more money.
d. falls, and people desire to hold less money
b
Economics
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In markets, prices move toward equilibrium because of
a. the actions of buyers and sellers b. government regulations placed on market participants. c. increased competition among sellers. d. buyers' ability to affect market outcomes.
Economics
Refer to the diagram relating to short-run and long-run aggregate supply. The:
A. short-run aggregate supply curve is A.
B. short-run aggregate supply curve is B.
C. long-run aggregate supply curve is B.
D. long-run aggregate supply curve is D.
Economics