With a change in the money supply, a vertical LM curve shifts a horizontal distance equal to
A) that change.
B) that change times velocity.
C) that change divided by velocity.
D) that change times the simple Keynesian multiplier.
B
Economics
You might also like to view...
Suppose the price elasticity of demand for oil is 0.1. In order to lower the price of oil by 20 percent, the quantity of oil supplied must be increased by.
A) 200 percent B) 20 percent C) 2 percent D) 0.2 percent.
Economics
If perfectly competitive firms are maximizing their profit and are making an economic profit, the market ________ in a short-run equilibrium and ________ in a long-run equilibrium
A) is; is B) is; is not C) is not; is D) is not; is not E) is; might be
Economics