Because of price stickiness in the Keynesian model, a decline in investment demand will not cause the
A) LM curve to shift down and to the right in the short run.
B) LM curve to shift in the long run.
C) IS curve to shift down and to the left in the short run.
D) IS curve to shift in the long run.
A
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According to rational expectations,
A) the Fed should focus its policies on interest rates. B) the Fed should focus its policies on inflation. C) the Fed should focus its policies on unemployment. D) the Fed is unable to influence real economic activity.
A market with few sellers, some influence over price, high barriers to entry, a differentiated product, and non-price competition is known as
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
In the early 1800s, ______________ developed a plan for the federal government's involvement in building transportation infrastructure such as canals and roads
a. Albert Gallatin b. Robert Fulton c. Thomas Jefferson d. Alexander Hamilton
A decrease in the price of a foreign currency is represented graphically as
a. rightward movement along the demand curve for that currency b. an upward shift of the demand curve c. a downward shift of the demand curve d. a horizontal line e. a vertical line