In the long-run ISLM model and with everything else held constant, the long-run effect of an autonomous fall in consumption expenditure is to ________ real output and ________ the interest rate

A) increase; increase
B) increase; not change
C) not change; increase
D) not change; decrease

D

Economics

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Common American re-exports of the Napoleonic War period included all of the following except:

a. cotton. b. sugar. c. coffee. d. spices.

Economics

Which of the following is true of hyperinflation?

a. It causes the value of a currency to deteriorate so quickly that people become reluctant to hold that currency. b. It is a situation in which people hoard currency expecting its value to increase in recent future. c. It is a simultaneous increase in inflation and decrease in the quality of products. d. It occurred in the United States in the 1970s. e. It is a synonym for cost-push inflation.

Economics