The price controls on consumer goods during World War II led to
a. permanent surpluses.
b. stable long-term prices.
c. a burst of inflation when they were ended.
d. increased production of consumer goods to satisfy demand.
c
Economics
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Explain what the free market will do if exchange rates end up in the "right ranges."
What will be an ideal response?
Economics
The intuition behind the slope of the LM curve is that
a. as the interest rate increases, the money supply increases and income increases. b. as the interest rate increases, investment and income decreases. c. as income increases, money demand increases which increases interest rates. d. as income increases, money demand decreases which decreases interest rates. e. none of the above.
Economics