Econ 101 Quizes (1-3) Already Passed

Lenders to borrowers {Ans: One effect of an unexpected rise in inflation is that wealth is redistributed from:}will fall {Ans: If the real interest rate rises, the quantity of investment demanded:}real wage {Ans: A competitive firm hires labor until the marginal product of labor equals the:}nominal interest rate {Ans: The Fisher effect states that a 1 percent rise in the rate of inflation causes a 1 percent rise in the:}Private savings plus public savings {Ans: In a closed economy that is in equilibrium, investment is equal to:}changing the tax rate {Ans: Which of the following is not used by the Fed as an instrument of monetary policy?}