In the ISLM framework, a declining price level causes
A) interest rates to rise.
B) income to fall.
C) saving to rise.
D) the LM curve to shift to the right.
D
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Why should the development of a solid elementary education system take precedence over an expansion of the university system in developing countries?
What will be an ideal response?
Two emerging trends in 1990s macroeconomic thinking are that fiscal policy should be designed according to its ________ consequences and that monetary aggregates ________ useful in the conduct of monetary policy
A) short-run stabilization, are no longer B) short-run stabilization, continue to be C) long-run growth, are no longer D) long-run growth, continue to be
In 2001, the first year of the Bush administration, Americans learned that recessions were a thing of the past
a. True b. False Indicate whether the statement is true or false
Suppose the demand for books goes down when the price of video games goes down. We can say that these two goods are
A. perfect substitutes. B. unrelated goods. C. complements. D. substitutes.