If M = 2,000 . P = 2.25, and Y= 6,000 . what is velocity?

The risk of making a loan is

A) earning profits that are too high and cause higher taxes. B) the risk that lender does not pay. C) the risk that the borrower does not pay. D) called "default risk" when taxes are not paid.

Suppose the demand for money is not very sensitive to the interest rate. Given this information, we know that

A) the IS curve should be relatively flat. B) the IS curve should be relatively steep. C) the LM curve should be relatively flat. D) the LM curve should be relatively steep. E) neither the IS nor the LM curve will be affected.