As the IS curve becomes steeper, 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 more effective.
A
Economics
You might also like to view...
The opportunity cost of owner-provided labor is the
A) wage rate paid to the owner. B) explicit part of the wage rate paid to the owner. C) salary the owner could have made if she worked at her best alternative job. D) profit after all of the bills have been paid.
Economics
The minimum price for a good set by the government above the equilibrium price is called a:
A. price ceiling. B. price floor. C. parity price ratio. D. market-generated price.
Economics