In an open economy, a shift down and to the left of the IS curve could have been caused by
A. a decline in domestic output.
B. a decline in the foreign real interest rate.
C. an increase in foreign output.
D. an increase in the demand for domestic goods relative to foreign goods.
Answer: B
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What will be an ideal response?
All but which one of the following could be expected to result from rent controls?
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A situation where a consumer's willingness to use an item depends on how many others use it is
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