In the IS-LM model, general equilibrium refers to a situation in which
A) there is full employment in an economy.
B) the goods market and money market in an economy are both in equilibrium.
C) the goods market and money market in an economy are both in equilibrium and there is full employment in that economy.
D) the markets for all goods and services in an economy are in equilibrium.
Correct Answer:
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Q24: The liquidity and money (LM) curve has
A)
Q25: Figure 4 Q26: The slope of the IS curve is Q27: Which of the following statements about the Q28: If the economy is suffering from demand Q30: A shift in the LM curve can Q31: The goods market is said to be Q32: Which of the following will generate a Q33: Refer to figure 2 below. Which of Q34: Which of the following will not weaken
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