Multiple Choice
A flat IS curve implies that
A) an increase in money supply will change output by a relatively small amount.
B) a decrease in taxes will change output by a relatively large amount.
C) changes in money supply will have large multiplier effects on output.
D) A and B.
Correct Answer:
Verified
Correct Answer:
Verified
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Q29: One of the major chains of causation
Q30: The money supply is controlled by the<br>A)New
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