The IS-LM model takes ______ as exogenous.
A) the price level and national income
B) the price level
C) national income
D) the interest rate
Correct Answer:
Verified
Q8: The Keynesian cross shows:
A) determination of equilibrium
Q9: A variable that links the market for
Q10: In the Keynesian-cross model, actual expenditures equal:
A)
Q11: With planned expenditure and the equilibrium condition
Q12: When planned expenditure is drawn on a
Q14: Use the following to answer questions :
Exhibit:
Q15: Planned expenditure is a function of:
A) planned
Q16: In the IS-LM model, which two variables
Q17: The equilibrium condition in the Keynesian-cross analysis
Q18: Use the following to answer questions :
Exhibit:
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