Author Question: A relatively steep money demand schedule reflects the assumption that the interest elasticity of ... (Read 37 times)

Tirant22 · **on:** Jun 30, 2018

A relatively steep money demand schedule reflects the assumption that the interest elasticity of money demand is

a. low (in absolute value).
b. high (in absolute value).
c. zero.
d. indefinite.

Question 2

In the United States, the strategy of monetary policy

a. has not changed even as the economic environment has varied.
b. has been to target interest rates.
c. has been to target the money supply.
d. None of the above