Simultaneous equilibrium in the money (LM) and goods (IS) market exists:
A) at an unlimited number of output levels and rates of interest
B) at only one output level and rate ofinterest
C) at an unlimited number of output levels and only one rate of interest
D) at only one output level and an unlimited number of rates of interest
Correct Answer:
Verified
Q12: IS-LM model was developed by:
A)keynes
B)walras
C)j.r.hicks
D)don-patinkin
Q13: Frictional unemployment exists:
A)when there is a decrease
Q14: The natural rate of unemployment equals the
Q15: The marginal productivity of labour is:
A)the incremental
Q16: The marginal productivity of labour:
A)increases when the
Q17: When saving is greater than investment in
Q18: When investment is negatively related to the
Q20: In which of the following situations will
Q21: Policy Neutrality is the main proposition of:
A)supply
Q22: Who invented the General Equilibrium analysis?
A)l. walras.
B)w.
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