Multiple Choice
If money demand does not depend on income, then the ______ curve is ______.
A) IS; vertical
B) IS; horizontal
C) LM; vertical
D) LM; horizontal
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q105: Analysis of the short and long runs
Q106: If the investment demand function is I
Q107: Most economists believe:<br>A) the Great Depression is
Q108: If the IS curve is given by
Q109: If a liquidity trap does exist, then
Q111: The debt-deflation hypothesis explains the fall in
Q112: According to the macroeconometric model developed by
Q113: A change in income in the IS-LM
Q114: A decrease in government spending reduces output
Q115: Use the following to answer questions :<br>Exhibit: