If interest rates fall without any corresponding change in income, then it is possible according to the IS-LM model that
a. money demand fell and government spending declined.
b. the money supply increased and taxes declined.
c. tight monetary policy and easy fiscal policy.
d. easy monetary policy and easy fiscal policy.
A
Economics
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The market for money is in equilibrium
A) only if the non-money asset market is in equilibrium. B) whenever the economy is at potential GDP. C) when the cyclical unemployment rate is zero. D) the Fed achieves its target for the expected inflation rate.
Economics
The process by which union and management representatives negotiate a mutually agreeable contract specifying wages, benefits, and working conditions is called
a. collective bargaining b. mediation c. arbitration d. striking e. litigation
Economics