According to the Keynesian model of the money market, the supply of money
a. depends on the interest rate.
b. is chosen by the central bank.
c. varies with the price level.
d. varies with income.
B
Economics
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If the quantity of walkie-talkies supplied increases by 5 percent when price increases by 12 percent, then
A) the walkie-talkie supply curve will shift to the right. B) the supply of walkie-talkies is elastic. C) the supply of walkie-talkies is inelastic. D) the walkie-talkie supply curve will shift to the left.
Economics
Government controls of price, output, entry of new firms, and quality of service in industries where monopoly appears desirable are known as
a. antitrust regulation b. economic regulation c. social regulation d. antimerger regulation e. consumer advocacy regulation
Economics