The steeper is the IS curve,
A) the more effective is monetary policy.
B) the less effective is monetary policy.
C) the effectiveness of monetary policy does not change.
D) a given change in the money supply will have a greater effect on output.
A
Economics
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We expect the price elasticity of supply to be
A) negative. B) positive. C) between -1 and +1. D) zero.
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For a depository institution, reserves are:
a. assets on the balance sheet. b. loans to individuals and businesses. c. borrowings from the central bank. d. liabilities it owes to customers. e. checkable deposits.
Economics