In the case where money demand is completely interest insensitive (interest elasticity equals zero), an increase in the quantity of money will
a. increase income but leave the interest rate unchanged.
b. increase income and lower the interest rate.
c. lower the interest rate but leave income unchanged.
d. leave both income and the interest rate unchanged.
B
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The steeper the slope of the aggregate supply curve in the long run indicates that an increase in aggregate demand will cause an increase in the price level and an even greater increase in output in the long run
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1) A newly appointed police officer can be terminated at any time during the Field Training Officer (FTO) process. 2) Patrol supervisors play a vital role in the Field Training Officer (FTO) program. 3) The performance appraisal formally documents unacceptable behavior and provides a record of the feedback to the officer. 4) Supervisors tend to be stricter when ratings are used for promotions as compared to when they are used for counseling and improvement. 5) When performance is used for promotions, police departments should use promotability ratings.