Question 47 (1 point) In the long run, money demand and money supply determine the value of money and the real interest rate. money demand and money supply determine the value of money but not the real interest rate. money demand and money supply determine the real interest rate but not the value of money. money demand and money supply determine neither the value of money nor the real interest rate. Question 48 (1 point) Assume that Russia, in terms of its consumption of steel, is a small country" and does not engage in trade. The world price of a ton of steel is S750. Assume that before Yeltsin allowed Russia to trade in steel, the price of a ton of steel in Russia was $1,200. Once Russia allowed trade in steel with other countries, Russia began exporting steel and the price per ton in Russia decreased to $750. exporting steel and the price per ton in Russia remained at $1,200. importing steel and the price per ton in Russia decreased to $750. importing steel and the price per ton in Russia remained at $1,200. Question 49 (1 point) To offset the negative shift in aggregate supply, policymakers could use monetary and fiscal policy to shift aggregate supply to the right, aggregate supply to the left. aggregate demand to the right aggregate demand to the left Question 50 (1 point) Prior to the Great Recession, the value of homes increased substantially. If this rise made homeowners feel wealthier, then it would have shifted aggregate O demand right demand left supply right supply left Question 51 (1 point) If net exports fall $40 billion, the MPC is 9/11, and there is a multiplier effect but no crowding out and no investment accelerator, then aggregate demand falls by 2 * $40 billion. O aggregate demand falls by 11/2 * 40 billion. aggregate demand falls by 11/9 * $40 billion. aggregate demand falls by 9/11 * $40 billion. Question 52 (1 point) In the short run, open-market purchases O increase investment and real GDP, and decrease interest rates, increase roul GDP and interest rates, and decrease investment increase investment and interest rates, and decrease real GDP. O decrease investment, interest rates, and real GDP. Question 52 14