The IS curve represents
A) equilibrium in the money market.
B) all outcomes where Y=C+I+G in a closed economy.
C) all points where there is no excess demand or excess supply.
D) equilibrium in the labor market.
Correct Answer:
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Q16: Assume that the government passes a deficit-financed
Q17: List three changes in exogenous variables that
Q18: Household consumption likely depends upon accumulated wealth
Q19: If savings becomes more interest rate elastic,what
Q20: In the Keynesian money market,velocity is
A)negatively related
Q22: Along any IS curve
A)both government spending and
Q23: According to Keynes,the speculative demand for money
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