Homogeneous products are indistinguishable from one another.

Arbitrage

A) is the act of buying an item at a low price and reselling the item at a higher price. B) is the act of selling an item on consignment and collecting a huge portion of the proceeds to compensate for the seller's time. C) is any act of buying and selling that results in the seller earning an above normal profit. D) is the act of buying an item at a low price, bundling it with another and selling the new package at a much higher price.

Assume that the money stock is the intermediate target and money demand is totally interest- inelastic. Then, the

a. LM schedule will be horizontal. b. LM curve schedule would be vertical. c. IS curve would be horizontal. d. None of the above