In the short run, an increase in the growth rate of the quantity of money ________ the nominal interest rate and in the long run it ________ the nominal interest rate

An increase in the consumption of a good resulting from a reduction in price that makes the good cheaper in relation to other goods is called the:

a. substitution effect. b. income effect. c. real balance effect. d. inelasticity effect.

List and discuss the importance of the major effects of the deregulation that occurred in the 1980s