If money demand is extremely sensitive to changes in the interest rate, the money demand curve becomes almost horizontal. If the Fed expands the money supply under these circumstances, then the interest rate will
A) change very little and investment and consumer spending will change very little.
B) rise substantially and investment and consumer spending will rise substantially.
C) fall substantially and investment and consumer spending will fall substantially.
D) fall substantially and investment and consumer spending will change very little.
Question 2
What does a Lorenz curve illustrate?
A) the change over time in the percentage of households with incomes that place them below the poverty line
B) the share of taxes paid by different groups of households
C) the distribution of income within a country in a given time period
D) a comparison of the distribution of income in two different countries
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