With an upward sloping LM curve, a falling interest rate __________ money demand, so that an expansionary monetary policy is __________ than in the case of a vertical LM curve
A) raises; stronger
B) raises; weaker
C) has no effect on; stronger
D) has no effect on; weaker
B
Economics
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Classical economists believe that:
A. velocity is not constant. B. changes in the money supply affect real GDP. C. the quantity of money explains prices. D. the money supply affects velocity.
Economics
In perfect competition, a profit-maximizing business will expand production until its _________ equals the market price.
A. marginal product B. marginal cost C. marginal revenue D. average cost
Economics