The best case for intermediate targeting on monetary aggregates is where the
a. LM schedule is flat and the money demand function is stable.
b. IS schedule is flat and the level of investment is stable.
c. LM schedule is steep and the money demand function is stable.
d. IS schedule is steep and the money demand function is stable.
C
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The U.S. economy is relatively closed in terms of economic activity related to exports and imports.
Answer the following statement true (T) or false (F)
The figure above shows the relationship between the journey length and the cost of trip per mile. The curve becomes flatter because as the journey length increases,
A) the cost per mile increases. B) the fall in the cost per mile becomes greater. C) the cost per mile remains unchanged. D) the cost per mile decreases. E) the fall in the cost per mile becomes smaller.
The two most important actors of the economy are:
A. land and capital. B. households and firms. C. firms and capital. D. exports and imports.
If there're no tax and imports, the relationship between the multiplier and the MPC is
What will be an ideal response?