Starting from a position of macroeconomic equilibrium at the ...

[09madisonrousseau09]

Starting from a position of macroeconomic equilibrium at the full-employment level of real GDP, in the short run, an unanticipated decrease in the money supply will:
 a. raise real interest rates, lower the price level, and reduce real GDP.
 b. raise real interest rates, lower the price level, and leave real GDP unchanged.
 c. raise nominal interest rates, lower the price level, and leave real GDP unchanged.
  d. lower real interest rates, raise the price level, and increase real GDP.

Question 2

As of 2010, the World Bank classified a country as a low-income economy when its domestic per capita GDP fell below _____.
 a. 1000
  b. 995
  c. 675
  d. 530
  e. 475

[xoxo123]

Answer to Question 1

a

Answer to Question 2

b

[09madisonrousseau09]

Correct answers!

[xoxo123]

Great! Please up vote