Fact: Churches and charities work hard to acquire more money to advance their projects. They happily accept money because
A) they are clearly selfish and materialistic.
B) the transaction costs of donating money are generally lower than the costs of donating other goods and services.
C) they tend to see money as the root of all evil, and by collecting it they can more effectively destroy it and change the system for the better.
D) none of the above.
B
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An increase in the interest rate causes
A) a movement down along the money demand curve. B) the money demand curve to shift to the left. C) a movement up along the money demand curve. D) the money demand curve to shift to the right.
Refer to Figure 16-1. Suppose the economy is in short-run equilibrium above potential GDP and no policy is pursued. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) C to B. B) A to E. C) D to C. D) C to D. E) E to A.