The new term introduced in the extended IS-LM model is
A) risk premium.
B) nominal interest rate.
C) taxes.
D) G.
A
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A demand curve will shift out for any of the following reasons except that:
a. preference for a good increases. b. price of a substitute falls. c. income rises. d. price of a complement falls.
Price leadership may sometimes be an example of covert collusive behavior by oligopolies
a. True b. False Indicate whether the statement is true or false
Which of the following was not a reason OPEC failed to keep the price of oil high?
a. Over the long run, producers of oil outside of OPEC responded to higher prices by increasing oil exploration and by building new extraction capacity. b. Consumers responded to higher prices with greater conservation. c. Consumers replaced old inefficient cars with newer efficient ones. d. The agreement OPEC members signed allowed each country to produce as much oil as each wanted.
General Electric
A. is the present king of conglomerates. B. has gone bankrupt. C. lost a major antitrust suit. D. was built through horizontal mergers.