18) Refer to Figure 15-2. In the figure above, the mover point B in the money market would be caused by A) an increase in the price level. B) a decrease in real GDP. C) an open market sale of Treasury securities by the Fede D) a decrease in the required reserve ratio by the Federal

18) Refer to Figure 15-2. In the figure above, the mover point B in the money market would be caused by A) an increase in the price level. B) a decrease in real GDP. C) an open market sale of Treasury securities by the Fede D) a decrease in the required reserve ratio by the Federal

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Figure 15-2
Interest
MS2
MS1
rate, i
4%
A
MD
950
Quantity of money
(billions of dollars)
900
18) Refer to Figure 15-2. In the figure above, the moven
point B in the money market would be caused by
A) an increase in the price level.
B) a decrease in real GDP.
C) an open market sale of Treasury securities by the Fede
D) a decrease in the required reserve ratio by the Federal
3.

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Hh.165.