If the Demand for Money Increases, but the Bank of Canada

question 50

Multiple Choice

If the demand for money increases, but the Bank of Canada keeps the money supply the same, then in the short run output will:

• A)fall, and in the long run prices will remain unchanged.
• B)remain unchanged, and in the long run prices will fall.
• C)remain unchanged, and in the long run prices will remain unchanged.
• D)fall, and in the long run prices will fall.

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Definitions:

Intercellular Spaces

Gaps or areas between individual cells within a tissue, which allow for the exchange of gases and the transfer of nutrients and waste.

Chloroplasts

Organelles found in plant cells and some algae that conduct photosynthesis, converting light energy, water, and carbon dioxide into oxygen and glucose.

Waxy Cuticle

A protective, hydrophobic layer found on the outer surface of plant leaves and stems, consisting mainly of waxes and lipids, which helps to reduce water loss.

Mesophyll

The inner tissue of a leaf, containing chloroplasts where photosynthesis takes place.