The steeper the LM curve
A) the more effective is monetary policy.
B) the less effective is monetary policy.
C) the greater is the interest-sensitivity of investment.
D) the greater is the interest-sensitivity of the money supply.
A
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Use the following table, which shows the demand schedule faced by Ninaskets, a pure monopoly selling baskets, to answer the next question.PriceNumber of Baskets Sold$203185167141012151030What is the change in total revenue if the pure monopoly raises the price from $10 to $12?
A. +$120 B. -$300 C. -$120 D. +$300
Research has shown that nations with highly independent central banks tend to have low
A) inflation. B) interest rates. C) economic growth. D) unemployment.
If the RGDP is high, which of the following examples would most likely happen?
a. Giulla keeps no more than $20 of cash in her wallet for emergency situations. b. Viola keeps $20,000 in her checking account and $2,000 in a CD. c. Gabriel has 80 percent of his money in CDs. d. Giovanni has $70,000 in an high interest savings account and $10,000 in a checking account.
Figure 11-2
?
Which graph in Figure 11-2 best reflects a Keynesian view of the impact of a $500-per-person tax cut?
A. 1 B. 2 C. 3 D. 4