Where the IS and LM curves intersect:
a. actual expenditure is equal to planned expenditure.
b. output equals aggregate demand.
c. savings plus taxes equals investment plus government spending.
d. all of the above.
A
Economics
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As economic similarity rises, the stability costs of a common currency decrease because there are:
A) more asymmetric shocks. B) fewer asymmetric shocks. C) no asymmetric shocks. D) no symmetric shocks.
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The risk that the party on the other side of a financial transaction fails to meet its obligation is called
A) credit risk. B) currency risk. C) counterparty risk. D) leverage.
Economics