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Author Question: If a person withdraws 500 from his/her checking account and holds it as currency, then M1 will ... (Read 34 times)

Chloeellawright

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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


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janieazgirl

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Chloeellawright

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

softEldritch

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Reply 3 on: Yesterday
Excellent

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