The quantity of real GDP demanded equals $16.2 trillion when the price level is 90. If the price level rises to 95, the quantity of real GDP demanded equals
A) less than $16.2 trillion.
B) $16.2 trillion.
C) more than $16.2 trillion.
D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.
A
Economics
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If employers are profit-maximizers, then
a. competition will always eventually eliminate employment discrimination. b. employment discrimination may persist if consumers discriminate. c. employment discrimination will persist because it is always profitable. d. compensating differentials cannot exist.
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If the Fed buys $150 billion of U.S. bonds in the open market and the reserve requirement is 5 percent, M1 will eventually
A. Decrease by $3,000 billion. B. Increase by $3,000 billion. C. Increase by $300 billion. D. Decrease by $300 billion.
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