Employing Figure 4-3 above, the initial equilibrium is point D and government expenditures increase by ________ shifting the IS curve from IS0 to IS1 and crowding out is approximately ________
A) 500, 500
B) 250, 500
C) 1000, 1000
D) 1000, 250
B
You might also like to view...
A good's real price is the:
A. dollar price of the good relative to the average dollar price of all other goods and services. B. average dollar price of the good. C. dollar price of the good relative to the real price of all other goods and services. D. absolute price of the good in dollar terms.
Technological progress is one of the mechanisms by which economies can grow
Indicate whether the statement is true or false
The ISLM model can be used to derive
A) aggregate demand. B) aggregate supply. C) the money multiplier. D) the long-run economic growth rate.
Investment in the agricultural economy of the antebellum period of U.S. history usually entailed everything below except
(a) Clearing lands (b) Purchasing stocks and bonds (c) Constructing fences and buildings (d) Purchasing farm implements