The Probable Effect of Introducing Automatic Teller Machines Is to

question 71

Multiple Choice

The probable effect of introducing automatic teller machines is to

• A)increase money demand,shifting the LM curve up.
• B)increase money demand,shifting the LM curve down.
• C)decrease money demand,shifting the LM curve up.
• D)decrease money demand,shifting the LM curve down.

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Definitions:

Restraint of Trade

Legal phrase relating to practices or agreements that restrict competition or limit market entry.

Clayton Act

U.S. antitrust law aimed at increasing competition and preventing monopolies by prohibiting certain actions that lead to anti-competitiveness.

Price Discrimination

The practice of selling the same product or service at different prices to different customers, not due to differences in cost.

Competitors

Entities or individuals engaged in a commercial contest or rivalry, vying for the same market share or customer base.