If an economy experiences high interest rates and high unemployment, the ISLM framework predicts that ________ policy has been too ________

A) fiscal; expansionary
B) fiscal; contractionary
C) monetary; expansionary
D) monetary; contractionary

D

Economics

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A game in which all the players are worse off at the end of the game is a

A) negative-sum game. B) dominant strategy game. C) positive-sum game. D) noncooperative game.

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The price elasticity of demand measures

A) the consumers' sensitivity to a price change. B) the producers' sensitivity to a price change. C) how much the market supply changes in response to a change in demand. D) how much the demand changes in response to a change in income.

Economics