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 of interest
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:
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Q1: When investment is negatively related to the
Q3: In which of the following situations will
Q4: Policy Neutrality is the main proposition of:
A)Supply
Q5: Who invented the General Equilibrium analysis?
A)L. Walras.
B)W.
Q6: Employment equilibrium in the Classical theory is
Q7: Market does not clear is a proposition
Q8: The interest rate paid on bonds is
Q9: The monetary policy is completely ineffective when
Q10: Changes in the subjective or objective factors
A)Never
Q11: In a closed economy, the value of
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