Which of the following theories favor(s) a simple money growth rate rule?
a. real business cycle theory
b. The monetarist theory
c. new classical theory
d. All of the above
e. None of the above
D
Economics
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A leftward shift of the demand curve results in: a. increase in equilibrium price
b. increase in quantity. c. decrease in both equilibrium price and quantity. d. decrease in quantity and an indeterminate equilibrium price.
Economics
When prices rise
a. the rich benefit at the expense of the poor. b. the poor benefit at the expense of the rich. c. both the rich and poor lose real income. d. the effect in the rich and poor is uncertain.
Economics