If a central bank does not have full control of the supply of money, supply is ____ on a graph of the supply and demand for money.

Select one:

a.upward sloping

b.downward sloping

c.vertical

d.horizontal

An increase in expected inflation shifts _____ to the

Select one:

a.AD, right.

b.AD, left.

c.AS, right.

d.AS, left.

The AD curve shifts to the right if _____ decrease(s).

Select one:

a.consumption

b.money supply

c.taxes

d.all of the above

According to the AS-AD model, an increase in taxes does not change output in the

Select one:

a.short run.

b.long run.

c.both of the above.

d.neither of the above.

According to the AS-AD model, money is neutral in the

Select one:

a.short run.

b.long run.

c.both of the above.

d.neither of the above.