Figure 34-2

question 111

Multiple Choice

Figure 34-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money;on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs.
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-Refer to Figure 34-2.If the money-supply curve MS on the left-hand graph were to shift to the left,this would

• A)represent an action taken by the Federal Reserve.
• B)shift the AD curve to the left.
• C)create,until the interest rate adjusted,an excess demand for money at the interest rate that equilibrated the money market before the shift.
• D)All of the above are correct.

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Definitions:

Neokurtic

Refers to a distribution in statistics that is characterized by a relatively peaked (less flat) curve representing frequency of data points.

Leptokurtic

A distribution of values that is peaked or high relative to the normal curve. Values in such a distribution have a narrower range.

Monokurtic

Describing a distribution that has kurtosis similar to that of a normal distribution, indicating the data has moderate outliers or none, and the peak of the distribution is neither flat nor too sharp.

Standard Error

For a sampling distribution (the distribution of scores for a sample), the standard deviation is called the standard error.