Which of the following will cause the LM curve to shift down?
A) a reduction in the expected future interest rate
B) a reduction in current income
C) a reduction in expected future taxes
D) all of the above
E) none of the above
E
Economics
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Money market mutual funds are funds pooled by
A) a group of people to buy shares of stocks. B) a group of people to buy stock market funds. C) a group of people to buy short maturity credit instruments. D) a group of people to buy U.S. Treasury bonds.
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In the long run, a firm will exit a competitive industry if
a. total revenue exceeds total cost. b. the price exceeds average total cost. c. average total cost exceeds the price. d. Both a and b are correct.
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