In the Short Run, Which of the Following Is Not

question 122

Multiple Choice

In the short run, which of the following is not correct?

• A)Increasing the money supply increases the demand for goods and services.
• B)Increasing the money supply encourages firms to hire more workers.
• C)Lowering the money supply leads to a higher level of unemployment.
• D)Policies that encourage higher employment will also induce a lower rate of inflation.

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Definitions:

Degrees

Qualifications awarded by educational institutions, such as colleges or universities, to signify the completion of a course of study.

Meritocracy

A system where individuals are rewarded and advanced based on talent, effort, and achievements, rather than background or connections.

Working-Class Background

Describes individuals or families belonging to the social group primarily engaged in manual labor with limited economic and educational resources.

Highest Grades

Highest grades denote the top academic achievements within an educational system, symbolizing excellence in performance and understanding of the subject matter.