Author Question: Other things equal, an increase in the general price level causes the money demand function to shift ... (Read 43 times)

RYAN BANYAN · **on:** Jun 30, 2018

Other things equal, an increase in the general price level causes the money demand function to shift to the left.
a. True
b. False
Indicate whether the statement is true or false

Question 2

When a binding price floor is imposed on a market,
a. price no longer serves as a rationing device.
b. the quantity demanded at the price floor exceeds the quantity that would have been demanded without the price floor.
c. all sellers benefit.
d. All of the above are correct.