Author Question: An increase in the opportunity cost of holding money creates a ________ the money demand curve and ... (Read 219 times)

olgavictoria · **on:** Jun 29, 2018

An increase in the opportunity cost of holding money creates a ________ the money demand curve and an increase in real GDP creates a ________ the money demand curve.

A) leftward shift of; movement down along
B) rightward shift of; movement down along
C) movement up along; leftward shift of
D) movement up along; rightward shift of

Question 2

Consider a market in which each firm must predict the price and quantity decisions of other firms, as well as how those price and quantity decisions will affect the first firm's revenue and profit. This market is best described as

A) an oligopoly.
B) monopolistic competition.
C) a monopoly.
D) perfect competition.