The quantity of money demanded varies ____ with the nominal interest rate, but the supply of money is almost perfectly ____ with respect to nominal interest rates

In classical IS—LM analysis, the effects of a decline in desired investment include

A) a decline in output. B) an increase in the price level. C) a decline in the real interest rate. D) an increase in unemployment.

For an employer biased against African Americans, the discrimination coefficient d:

A. will decrease if the employer becomes more prejudiced against African Americans. B. must equal the actual ratio of African-American to white wage rates. C. measures the amount an employer is willing to pay to hire a white over hiring an African- American worker. D. varies inversely with the actual African-American-white wage ratio.