If money demand does not depend on the interest rate then a. the LM c

If money demand does not depend on the interest rate then

a. the LM curve if vertical and fiscal policy is ineffective.
b. the LM curve is horizontal and fiscal policy is ineffective.
c. the LM curve is horizontal and horizontal has no effect on output.
d. the LM curve is vertical and monetary policy is ineffective.

 

ANSWER

A

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00