The IS curve becomes steeper if there is __________ in the interest-sensitivity of __________ demand
A) an increase; money
B) an increase; investment
C) a decrease; money
D) a decrease; investment
D
Economics
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In the quantity equation, V represents the:
A. total number of transactions during some period of time. B. price of a typical transaction. C. rate at which each unit of money circulates in the economy. D. quantity of money.
Economics
A price taker is
A) a firm that accepts different prices from different customers. B) a consumer who accepts different prices from different firms. C) a perfectly competitive firm. D) a firm that cannot influence the market price. E) both C and D
Economics