If the Fed conducts a contractionary monetary policy, ________
A) the nominal interest rate will decrease B) demand for labor will increase
C) banks will make fewer loans D) bank deposits will increase
C
Economics
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The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, what area is equal to the resources lost due to search?
A) area A B) area B C) area C D) area D E) area E
Economics
In the short-run velocity is not constant. Which of the following variables can be affected by a change in money supply?
I. real GDP II. nominal GDP III. the price level A) III only B) II and III C) I, II, and III D) If velocity is not constant, then none of the variables is affected.
Economics