Suppose that changes in the interest rate have absolutely no effect on the demand for money.The resulting ________ LM curve causes monetary policy to have ________ effect in changing income.
A) horizontal,no
B) horizontal,an unusually strong
C) vertical,no
D) vertical,an unusually strong
Correct Answer:
Verified
Q121: When the demand for money depends only
Q122: A "easy" money,tight "fiscal" policy combination will
Q123: The practice of "monetizing the debt" is
Q124: A flat LM curve implies that
A)an increase
Q125: A vertical IS curve comes from the
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