Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive /  An IS curve shows combinations of: A) nominal money balances and price levels

 An IS curve shows combinations of: A) nominal money balances and price levels

Economics

 An IS curve shows combinations of: A) nominal money balances and price levels. B) taxes and government spending. C) interest rates and income that bring equilibrium in the market for real balances. D) interest rates and income that bring equilibrium in the market for goods and services. 63. If all prices are stuck at a predetermined level, then when a short-run aggregate supply curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, this curve: A) is horizontal B) slopes downward and to the right C) slopes upward and to the right. D) is vertical 64. Changes in fiscal policy shift the: A) the IS curve. B) the LM curve. C) the P curve. D) welfare curve. 65. A supply shock does not occur when: A) unions push wages up. B) an oil cartel increases world oil prices. C) a drought destroys crops. D) the Fed increases the money supply. 66. When the Federal Reserve increases the money supply, at a given price level the amount of output demanded is and the aggregate demand curve shifts A) lower; inward B) lower, outward C) greater; outward D) greater; inward 67. The long run refers to a period: A) during which prices are flexible. B) during which output deviates from the full-employment level. C) during which capital and labor are sometimes not fully employed. D) of decades.

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE