The money supply is very sensitive to changes in the rate of interest

A relatively steep LM curve implies that wide fluctuations in the goods sector cause

A) wide fluctuations in real output. B) wide fluctuations in the price level. C) wide fluctuations in the interest rate. D) crowding out of private investment.

The Bank of the United States faced opposition from which of the following?

A) local banks who resented the Bank's supervision B) advocates of limited government who distrusted its power C) farmers and small businesses who resented the Bank's interference with their ability to obtain loans D) all of the above