An increase in the spending multiplier causes the IS curve to
A. become flatter.
B. shift to the left.
C. become steeper.
D. shift temporarily to having a positive slope.
Answer: A
Economics
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Bilateral investment treaties are uncommon
Indicate whether the statement is true or false
Economics
Joanne rents out her apartment in Seattle to Alice as she is moving to Dallas for the next three years. Which of the following statements must be true?
a. Alice's valuation of the apartment is higher than Joanne's opportunity cost of renting it. b. Joanne's valuation of the apartment is higher than Alice's. c. This transaction creates no economic value for Alice. d. Alice's valuation of the apartment is lower than Joanne's opportunity cost of renting it.
Economics