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Mankiw Chaper 11: LM Flashcards | StudBud
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Mankiw Chaper 11: LM
Mankiw Chaper 11: LM
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Questions
10
Answers
1
The real money supply curve is...
upward sloping
a vertical line
downward sloping
a horizontal line.
2
What happens if GDP increases?
Money supply curve right
Money demand curve left
Money supply curve left
Money demand curve right
3
The LM curve is upward sloping
False
True
4
Which variables are endogenous in the IS LM model?
M and L
M, r, and Y
r and Y
I, S, M, L
5
What happens if the central bank increases money supply?
r down and Y constant
r up and Y up
r down and Y up
r constant and Y up
6
The money demand curve is...
a horizontal line.
downward sloping
upward sloping
a vertical line
7
Chapter 11: The central bank is able to control nominal money supply (M).
True
False
8
Chapter 11: The government can influence money supply by G↑or T↓.
True
False
9
Money market model: Which variables are endogenous?
r and Y
only r
M and r
only Y
10
The IS curve is downward sloping
False
True
