Suppose that IS and LM intersect at full-employment output. A rightward shift of IS will be followed by a __________ price level that shifts LM to the __________ in a return to full-employment
A) rising; right
B) rising; left
C) falling; right
D) falling; left
B
Economics
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Differentiate between the terms "revenue" and "profit." Assume that a firm sells 20 units of a good at a price of $5 per unit. If the average total cost of the firm is $3 per unit, calculate the firm's profit
What will be an ideal response?
Economics
A surplus will cause pressure on the price to fall.
a. true b. false
Economics