If a number equal to the mean of a series of observations is added to the series, the new mean is:
A) smaller than the original mean.
B) greater than the original mean.
C) same as the original mean.
D) either greater or smaller than the original mean depending on the number of observations in the series.
Question 2
Assuming all else equal, if there is an increase in the real interest rate:
A) there will be an upward movement along the credit demand curve.
B) there will be a downward movement along the credit demand curve.
C) the credit demand curve shifts to the right.
D) the credit demand curve shifts to the left.
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