Author Question: In the money market, if the nominal interest rate is below the equilibrium level, A) the demand ... (Read 73 times)

SGallaher96 · **on:** Jun 29, 2018

In the money market, if the nominal interest rate is below the equilibrium level,

A) the demand for money curve will shift leftward.
B) the quantity of money demanded exceeds the quantity of money supplied.
C) the quantity of money supplied exceeds the quantity of money demanded.
D) the supply of money curve will shift leftward.
E) asset prices will rise.

Question 2

If the nominal wage is 30 in 2011 and the CPI is 202 in 2011, then the real wage in 1982-1984 dollars

A) is 14.85.
B) is 30.
C) is 1.48.
D) is 29.00.
E) cannot be calculated without the past year wage rate.