ISLM model was developed by:
A) hicks
B) keynes
C) friedman
D) none of these
Correct Answer:
Verified
Q3: LM curve shows the equilibrium condition in
Q4: The simplest ISLM model consists of:
A)two markets
B)three
Q5: The equilibrium in the product market is
Q6: The IS curve has a------slope
A)positive
B)negative
C)zero
D)none of these
Q7: The LM curve has a------slope
A)positive
B)negative
C)zero
D)none of these
Q9: The perfectly elastic segment of the LM
Q10: Which policy is effective in the Classical
Q11: Which policy is effective in the intermediate
Q12: Frictional unemployment exists:
A)when there is a decrease
Q13: The natural rate of unemployment equals the
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