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Macroeconomics Study Set 48
Quiz 15: Monetary Policy
In the Long Run, the Only Effect of Monetary Policy
Question 207
Multiple Choice
In the long run, the only effect of monetary policy is on the: A) long-run aggregate supply. B) interest rate. C) aggregate output level. D) aggregate price level.
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Q 208
(Figure: A Money Market) Refer to Figure: A Money Market. The equilibrium interest rate is: A) r
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B) r
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C) r
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Q 209
(Figure: A Money Market) Refer to Figure: A Money Market. If the interest rate is r
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, the interest rate will _____ because there is a _____ of money in the market. A) fall; surplus B) fall; shortage C) rise; surplus D) rise; shortage
Q 210
(Figure: A Money Market) Refer to Figure: A Money Market. If the current interest rate is r
1
, the interest rate will _____ because there is a _____ of money in the market. A) fall; surplus B) fall; shortage C) rise; surplus D) rise; shortage
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