Monetary policy is impotent when the LM curve is
A) vertical.
B) horizontal.
C) downward-sloping.
D) horizontal or downward-sloping.
B
Economics
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List four characteristics of monopolistic competition
What will be an ideal response?
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The original maturity on U.S. Treasury notes is between
A) three months and one year. B) one and ten years. C) six months and three years. D) ten and thirty years.
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Equilibrium and disequilibrium
A) are real world states. B) are mental constructs used by economists. C) foreshadow what is about to happen in a market. D) a and b E) a, b and c
Economics
Identify the economist who first addressed the environmental problem in terms of externalities.
A. Joseph Schumpeter B. Maynard Keynes C. A.C. Pigou D. J.B. Say
Economics