An excess supply of money in the economy implies an excess demand for

In the short run in the Keynesian model, a sharp decline in oil prices would leave the economy with a ________ level of output and a ________ real interest rate

A) higher; lower B) lower; higher C) lower; lower D) higher; higher

Which of the following does not increase a McDonald's franchisee's financial stake in the success of the operation?

a. Successful owners may get additional restaurants b. The franchise is valid for 20 years and renewable after that c. The franchisee can safely ignore the company's standards of quality, pricing, cleanliness, hours of operation, and so on d. The franchisee must make highly specific investments of money and time e. The franchisee must have "non-borrowed personal resources" of at least $200,000 in cash