This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a person withdraws 500 from his/her checking account and holds it as currency, then M1 will ... (Read 33 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
If a person withdraws 500 from his/her checking account and holds it as currency, then M1 will ________ and M2 will ________.
 
  A) not change; increase
  B) not change; not change
  C) decrease; increase
  D) increase; decrease
  E) decrease: decrease

Question 2

Assume weak growth in aggregate demand keeps the economy below potential GDP, so unemployment rises but inflation falls. This explains the ________ slope of the short-run Phillips curve.
 
  A) infinite B) positive C) negative D) zero


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Chloeellawright

  • Member
  • Posts: 588
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

A comparison between chromosomes found in a normal human cell and a cancer cell from the same person A comparison between chromosomes found in a normal human cell and a cancer cell from the same person
Checking teeth and other physical examinations are an important part of horse care. Checking teeth and other physical examinations are an important part of horse care.
When checking a waste spark-type ignition system, check that the secondary wires are attached to the ... When checking a waste spark-type ignition system, check that the secondary wires are attached to the ...
How the Wernicke-Geschwind model works in a person who is responding to a heard question and reading ... How the Wernicke-Geschwind model works in a person who is responding to a heard question and reading ...
Singapore’s Changi Airport now holds the world’s tallest indoor waterfall Singapore’s Changi Airport now holds the world’s tallest indoor waterfall
MRI scans of normal elderly person compared to one with Alzheimer's MRI scans of normal elderly person compared to one with Alzheimer's
Video: Corpus Callosum Animation

For a complete list of videos, visit our video library