At all points below the current LM curve,
A) the supply of output exceeds output demand.
B) the supply of output falls short of output demand.
C) the supply of money falls short of money demand.
D) the supply of money exceeds money demand.
C
Economics
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A graph has a point that is either a maximum or a minimum. To the left of the point, the slope of relationship is positive. To the right of the point, the slope is negative
Is the point a maximum point or a minimum point? Be sure to draw a figure that supports your answer.
Economics
Explain the complete formula for the M1 money supply, and explain how changes in required reserves, excess reserves, the currency ratio, the nonborrowed base, and borrowed reserves affect the money supply
What will be an ideal response?
Economics