Which of the following result from a change in the money supply brought about by an open market sale?
A) lower interest rate, higher exchange rate, decreased demand for investment and net exports
B) higher interest rate, higher exchange rate, decreased demand for investment and decreased demand for net exports
C) lower interest rate, lower exchange rate, increased demand for investment and net exports
D) higher interest rate, lower exchange rate, decreased demand for investment and increased
demand for net exports
Ans: B) higher interest rate, higher exchange rate, decreased demand for investment and decreased demand for net exports
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During the antebellum period, U.S. consumers increased their demand for mass-produced, standardized and simple goods
Indicate whether the statement is true or false
The problem of asymmetric information that brings about a general decline in product quality in an industry is
A) a market failure. B) the result of government regulation. C) creative response. D) the lemons problem.