The difference between the simple Keynesian model and the IS-LM curve model is that the latter
A) excludes a money market and interest rates.
B) includes a commodity market and flexible income.
C) excludes a commodity market and interest rates.
D) includes a money market and flexible interest rates.
Correct Answer:
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Q24: Figure 7-4 Q25: According to the modern Keynesian view, Q26: In the case where the LM schedule Q27: An increase in the marginal propensity to Q28: If the demand for money is Md Q30: If the government raised taxes and reduced Q31: If the level of government spending rises Q32: In the IS-LM model,an increase in government Q33: Suppose that the government wants to increase Q34: Those economists who believe that monetary policy
A)both the
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