An increase in government spending causes the equilibrium level of aggregate output to ________ at any given interest rate and shifts the ________ curve to the ________, everything else held constant

A) rise; LM; right
B) rise; IS; right
C) fall; IS; left
D) fall; LM; left

B

Economics

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Which of the following statements is true?

A. Because the cost of labor used on farms is so high, the United States exports very little of its wheat, rice and corn crops. B. Imports and exports account for over one-half of the GDP of Belgium. C. Japan is more dependent on foreign trade than is the United States. D. France is the leading exporting country, accounting for 10 percent of total world exports.

Economics

The balance of trade includes trade in

A) goods only. B) both goods and services. C) services only. D) neither goods nor services.

Economics