The Less Interest-Sensitive Is Money Demand,the

question 55

Multiple Choice

The less interest-sensitive is money demand,the

• A)more effective is fiscal policy relative to monetary policy.
• B)more effective is monetary policy relative to fiscal policy.
• C)steeper is the IS curve.
• D)flatter is the LM curve.

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Definitions:

Smaller Tasks

Refers to actionable items or objectives that are components of a larger project or goal.

Specialization Of Labor

The division of labor where different workers or groups of workers engage in specific tasks, often leading to increased productivity.

Productivity

The ratio of a specific measure of output, such as real GDP, to a specific measure of input, such as labor; in this case, productivity measures real GDP per hour of labor.

Boredom

A state of feeling disinterested or unengaged with one's current activity or surroundings, often leading to restlessness.