Figure 13-3 -In Figure 13-3 Above,suppose That the Fed Maintains a Fixed

question 55

Multiple Choice

Figure 13-3

-In Figure 13-3 above,suppose that the Fed maintains a fixed real money supply and that commodity demand is also fixed.The range of shifts in the LM curve,LM₁ to LM₂ can then only be explained by

• A)changes in the velocity of money.
• B)changes in the price level.
• C)changes in the demand for money.
• D)A and C.

---

Definitions:

Singular Proposition

A statement or assertion that applies to a specific individual or distinct entity, rather than to members of a class as a whole.

Categorical Syllogism

A deductive argument containing two categorical premises, a categorical conclusion, and three terms—major, minor, and middle—with each term occurring in two propositions.

Categorical Syllogism

A form of deductive argument that consists of three categorical propositions (a major premise, a minor premise, and a conclusion) that relates three different terms.

Major Premise

In a syllogism, the broader statement that provides the initial argument from which a conclusion is derived.