Multiple Choice
In an AD-AS diagram with an upward-sloping AS-curve, an increase in money supply will
A) increase output and the price level but not affect the interest rate
B) increase output, the price level, and the interest rate
C) increase output and the price level but lower the interest rate
D) decrease the interest rate, increase the price level, but leave output unchanged
E) increase the price level but leave output and the interest rate unchanged
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Most economists prior to Keynes thought that<br>A)unemployment
Q3: The slope of the AS-curve becomes steeper<br>A)as
Q4: Supply-side economics involves policy measures designed to<br>A)encourage
Q5: If factor markets were perfectly competitive, then
Q6: In the classical supply curve case, monetary
Q7: Which of the following was NOT true
Q8: Given the Keynesian AS-curve, expansionary monetary policy
Q9: The Keynesian AS-curve implies that<br>A)the economy is
Q10: If restrictive monetary policy leads to a
Q11: To maintain a fixed level of aggregate