According to the Simple Quantity Theory of Money in the AD-AS

question 126

Multiple Choice

According to the simple quantity theory of money in the AD-AS framework,when the money supply decreases,the __________ curve shifts to the __________.

• A) AD; left
• B) AD; right
• C) AS; left
• D) AS; right

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Definitions:

Drive Theories

Psychological theories suggesting that behavior is motivated by the desire to fulfill basic biological needs or drives.

Ostracism

The act of excluding or ignoring someone from a group or society, often used as a form of social punishment.

Competence

The ability and skill to effectively perform a task, job, or role to a high standard.

Autonomy

The state of being self-directed and independent in one's actions and decisions.