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In Which of the Following Situations Will an Increase in the Money

Question 13

Multiple Choice

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

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