An invention is an advance in knowledge.

As the IS curve becomes flatter, we know that

A) a given change in the money supply will cause a larger change in output. B) a given change in the money supply will cause a smaller change in output. C) a given change in the money supply will cause the same change in output. D) monetary policy becomes less effective.

Which of the following observations concerning money market mutual funds is not true? a. They are interest-earning accounts provided by brokers

b. They are considered to be near money. c. Depositors are allowed to write checks against their accounts. d. These funds are invested in long-term securities.