An increase in the money supply is likely to lead to:
A) A lower interest rate
B) An outward shift in the demand for money
C) An inward shift in the demand for money
D) A decrease in consumption
Correct Answer:
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Q1: Demand-pull inflation occurs when:
A) Aggregate supply is
Q2: Cost-push inflation might be caused by:
A) An
Q3: Which of the following is not a
Q5: The Phillips curve shows the relationship between:
A)
Q6: According to the Phillips curve:
A) There is
Q7: When inflation is 2%:
A) All prices in
Q8: Inflation means all prices are increasing.
Q9: In the liquidity trap an increase in
Q10: If prices in general are falling this
Q11: The inflation target in the UK for
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