Question
Which of the following statements is NOT correct under
the IS-LM (Fixed Price) model?Solution
When the interest responsiveness of the demand for money is low, the LM curve is steep, meaning that changes in the money supply have a larger impact on Income. However, this statement suggests that monetary policy has a weak effect on income, which contradicts this explanation.
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2. It was ...
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The Pledge Movement aimed to address which social issue?
