An item purchased often by the same buyer is known as a

A set of combinations of nominal interest rates and GDP, for which the demand for money is equal to the supply of money, is the:

A) IS curve. B) aggregate expenditure line. C) supply curve. D) LM curve.

The Fed's use of the ________ as an operating target in the 1970s resulted in ________ monetary policy

A) federal funds rate; countercyclical B) federal funds rate; procyclical C) M1 money supply; countercyclical D) M1 money supply; procyclical