Within the IS-LM curve model, an increase in government spending financed by printing money will always
a. have no impact on income.
b. lower income and raise the interest rate.
c. increase the interest rate.
d. lower the interest rate and increase income.
e. increase income.
E
Economics
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Given the market demand and cost data in the above figure, the existence of two firms equal sized firms producing a total of 8 million cubic feet of natural gas means that the long-run average cost of producing natural gas is
A) 10 cents per cubic foot. B) 20 cents per cubic foot. C) 30 cents per cubic foot. D) 40 cents per cubic foot.
Economics
Economies of scale exist whenever long-run average costs:
A. decrease as output is increased. B. remain constant as output is increased. C. increase as output is increased. D. None of the statements is correct.
Economics