If the ________ curve is relatively more unstable than the ________ curve, a money supply target is preferred
A) IS; IS
B) IS; LM
C) LM; IS
D) LM; LM
B
You might also like to view...
As the amount of labor used in production increases, total product
a. increases at low levels of labor and decreases at high levels labor. b. increases at high levels of labor and decreases at low levels of labor. c. always increases. d. always decreases.
The concept that an additional dollar of expenditures will result in the creation of more than one dollar's worth of real GDP is called
A. the multiplier effect. B. economic growth. C. the business cycle. D. fiscal policy.
A country opens up to trade and becomes an exporter of wheat. In the wheat market, consumer surplus will ________, producer surplus will ________, and total surplus will ________
A) decrease; increase; increase B) increase; decrease; increase C) decrease; increase; decrease D) remain unchanged; increase; increase
When the TR and TC curves have the same slope,
A) they are the furthest from each other. B) they are closest to each other. C) they intersect each other. D) profit is negative. E) profit is zero.