1 The aggregate demand curve (graphed with P on the vertical axis and Y on the horizontal axis) will shit to the left EXCEPT when

a) autonomous tax increases

b) the price level increases

c) the money supply decreases

d) the velocity of money decreases

e) autonomous consumption decreases

2 The income velocity of money, V, is defined as P*Y/M

True or False

3) For future bond buyers, the nominal interest rate (yield) ____ when fixed coupon bond prices ____

a) is higher than the real interest rate, increase

b) decreases, increase

c) is higher than the inflation rate, increase

d) decreases, decrease

e) is lower than the real interest rate, increase

4) A "Growth Rate Rule" states that the growth rate of a product is the product of the growth rates; that is, GR(x*y)= GR(x)*GR(y)

True or False