In the IS-LM model, the expenditure multiplier is [1/(1-b)] when the
A) LM curve is horizontal.
B) LM curve is upward-sloping.
C) LM curve is vertical.
D) IS curve is vertical.
A
Economics
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If net foreign investment is positive, which of the following must be true? (Assume that the capital account is zero and net transfers are zero.)
A) Net exports are negative. B) Capital outflows are less than capital inflows. C) Domestic investment must be less than national saving. D) None of the above are true when net foreign investment is positive.
Economics
The labor supply curve is usually upward sloping
a. True b. False Indicate whether the statement is true or false
Economics