Investment Spending Is Insensitive to Changes in the Interest Rate

question 1

Multiple Choice

Investment spending is insensitive to changes in the interest rate and the SRAS curve is upward sloping.According to a monetarist,an increase in the money supply will __________ Real GDP.According to a Keynesian,an increase in the money supply will __________ Real GDP.

• A) raise; not change
• B) not change; raise
• C) lower; lower
• D) raise; lower
• E) none of the above

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