Examlex
If money demand does not depend on the interest rate, then the LM curve is ______ and ______ policy has no effect on output.
MPC
Marginal Propensity to Consume, a metric that represents the proportion of an additional unit of income that is spent on consumption.
Stock Market
A collection of markets and exchanges where the buying, selling, and issuance of shares of publicly held companies take place.
Initial Public Offerings
The process where a private company offers shares of stock to the public for the first time.
Investment
The allocation of resources, usually financial, in expectation of future returns.
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