When the LM curve is vertical,
A) fiscal policy has no impact on equilibrium income.
B) fiscal policy has no impact on the equilibrium interest rate.
C) the economy is at full employment.
D) monetary policy has no impact on equilibrium income.
A
Economics
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The major contributor to the long-run improvement of a country's standard of living is
A) low inflation. B) growth in government. C) population growth. D) technological progress.
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Which of the following is considered a major player in the financial system?
A. Speculators B. Entrepreneurs C. Intermediaries D. Students
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