According to the monetarist view, the a. IS schedule is quite flat; h
According to the monetarist view, the
a. IS schedule is quite flat; hence, reflecting a high interest elasticity of aggregate demand.
b. IS schedule is quite steep; hence, reflecting a high interest elasticity of aggregate demand.
c. LM schedule is quite flat; hence, reflecting a high interest elasticity of money demand.
d. IS schedule is almost vertical; hence, reflecting a very low interest elasticity of money demand.
ANSWER
A
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