The value of the output produced in an economy reflects the value of the income generated by the factors of production used to produce that output

In the short run, an expanded money supply leads to:

a. a higher nominal interest rate. b. no change in the nominal interest rate. c. a lower nominal interest rate. d. an increase in the exchange rate.

In July, market analysts predict that the price of gold will rise in August. What happens in the gold market in July, holding everything else constant?

A) The supply curve shifts to the right. B) The demand curve shifts to the left. C) The quantity demanded and the quantity supplied increase. D) The supply curve shifts to the left.