The IS-LM model
A) represents both the aggregate demand and aggregate supply of the economy.
B) represents the aggregate demand of the economy.
C) cannot be used when the assumption of fixed prices is relaxed.
D) represents both the goods and labour markets.
Correct Answer:
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Q69: An increase in labour supply
A)shifts FE to
Q70: The IS-LM-FE model
A)is a framework for Keynesian
Q71: Which one of the following shifts the
Q72: The crowding-out effect occurs when
A)an expansion of
Q73: When the money supply declines by 10%,in
Q76: The main reason for the IS curve
Q77: The full-employment (FE)line shifts right if
A)unemployment declines.
B)technology
Q79: An increase in the expected future marginal
Q95: The aggregate demand curve
A)is vertical.
B)slopes upward.
C)is horizontal.
D)slopes
Q104: When the money supply declines by 10%,in
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