If the Quantity of Money Demanded Is Not Affected by Changes

question 98

Multiple Choice

If the quantity of money demanded is not affected by changes in the interest rate,the LM curve is ________ and fiscal policy will be ________.

• A)horizontal;very effective
• B)horizontal;ineffective
• C)vertical;ineffective
• D)vertical;very effective

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Definitions:

Trademark

A legally protected sign, expression, or series of words used to identify a corporation or its merchandise.

Senior User's Mark

The trademark claim held by the individual or entity that used a particular mark in commerce first, giving them seniority in rights over subsequent users.

Toys "R" Us

A formerly dominant retail company specializing in toys and children's products.

Actual Confusion

The real and genuine confusion experienced by consumers between two similar marks or products.