The LM curve shows a series of income-interest rate combinations at which there is equilibrium in the
A) bond market.
B) goods market.
C) saving-investment market.
D) money market.
D
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To reduce the federal funds rate, the Fed can ________.
A. increase the discount rate B. sell government bonds to commercial banks C. buy government bonds from the public D. increase the reserve ratio
A higher expected price tomorrow will tend to
A) shift today's demand curve to the left. B) shift today's demand curve to the right. C) have no effect on today's demand curve. D) have no effect on tomorrow's demand curve.
If demand is elastic, a rise in price will decrease total expenditure
a. True b. False Indicate whether the statement is true or false
All of the following would show a more equal distribution than the distribution of money income EXCEPT
A. after-tax income. B. lifetime earnings. C. total income. D. wealth.