Q1 A)

In the context of the money market and the LM curve, which of the following is true? O A decrease in the money supply shifts the LM curve down to the right O The LM is steep when the sensitivity of money demand to changes in income is large O Points left and above a given LM reflect excess demand for money O The slope of the LM is determined by the sensitivity of investment to changes in interest ratesGiven the global nature of the Irish economy, the best measure of economic activity for Ireland is O GNP O GNI O GNDI O GNI*