The mean (average) U.S. family income in 2012 was approximately

The LM curve represents combinations of income and the interest rate at which

A) money demand equals money supply when the money supply is fixed. B) money supply equals money demand when the money demand is fixed. C) money demand equals money supply when the money supply can vary. D) money supply equals money demand when both the money supply and money demand can vary.

Stagflation at the end of the 1970s was marked by increasing inflation and unemployment

Indicate whether the statement is true or false