In liquidity preference theory, an increase in the interest rate, other things the same, decreases the quantity of money demanded, but does not shift the money demand curve

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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What will be an ideal response?

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Firms entering a perfectly competitive industry will cause the price of the product to

a. fall. b. rise. c. remain constant. d. become more responsive to consumer demand.

Economics