In the Keynesian model, short-run equilibrium occurs
A) where the IS and LM curves intersect.
B) where the IS curve, LM curve, and FE lines intersect.
C) where the IS curve intersects the FE line.
D) where the LM curve intersects the FE line.
A
Economics
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We would expect an industry to expand if firms in that industry are:
A. earning normal profits. B. earning economic profits. C. breaking even. D. earning accounting profits.
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