An autonomous decrease in money demand, other things equal, shifts the ________ curve to the ________
A) IS; right
B) IS; left
C) LM; left
D) LM; right
D
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Which of the following statements characterizes government purchases in the United States between 2001 and 2011?
A) Government purchases as a share of GDP have declined. B) Government purchases as a share of GDP have increased. C) Government purchases as a share of GDP have remained constant. D) Government purchases have fluctuated widely over this period.
According to the Monetarists a decrease in investment spending initially __________ unemployment so that the price level __________. The resulting __________ in the real money supply __________ spending
A) increases; rises; increase; decreases B) increases; falls; increase; increases C) increases; falls; increase; decreases D) decreases; rises; increase; increases