For an individual LM curve, the money supply is assumed to
A) be constant.
B) grow at a rate equal to the interest rate.
C) grow at a rate equal to the growth rate in income.
D) grow at a rate equal to the marginal propensity to consume.
A
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An argument against the use of tariffs to keep out the production of "cheap" foreign labor is that:
A) wage rates and labor productivity are directly related. B) product prices and labor costs are unrelated. C) there is no significant relationship between labor productivity and wage levels. D) they don't work.
Which of the following has contributed to China's economic growth since 1980?
a. the rapid growth of foreign aid from European countries b. nationalization of many private industries c. increased restrictions on international trade d. increased privatization of the agricultural and small-business sectors