McqMate
| Q. |
In which of the following situations will an increase in the money supply have no effect upon output? |
| A. | LM is steeply sloped and IS is steeply sloped |
| B. | LM is vertical and IS is steeply sloped |
| C. | LM is steeply sloped and IS is vertical |
| D. | LM is relatively flat as is IS |
| Answer» C. LM is steeply sloped and IS is vertical | |
View all MCQs in
Micro Economics 1No comments yet