A change in monetary policy has a larger effect on aggregate demand the

a. flatter the LM curve.
b. the less elastic money demand.
c. more elastic money demand.
d. steeper the IS curve.
e. the steeper the LM curve.

E

Economics

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Suppose the economy's production function is Y = AK0.3N0.7. When K = 1000, N = 50, and A = 15, what is Y?

A) 1842 B) 6106 C) 750,000 D) 123

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